tl;dr
The last 24 hours saw significant volatility in the cryptocurrency market, with BTC dropping from over $102,000 to $95,200 and altcoins like ETH, DOGE, ADA, AVAX, LINK, HBAR, DOT, and others experiencing substantial price declines. BTC initially surged to a multi-week peak of $102,400 before rapidly...
The last 24 hours saw significant volatility in the cryptocurrency market, with BTC dropping from over $102,000 to $95,200 and altcoins like ETH, DOGE, ADA, AVAX, LINK, HBAR, DOT, and others experiencing substantial price declines.
After a relatively quiet weekend, BTC surged from under $99,000 to a multi-week peak of $102,400. However, it quickly started to lose value, dropping to $95,200 and resulting in approximately $700 million in liquidations. Despite recovering slightly since then, bitcoin is still 6% down on the day, with its market cap falling to under $1.9 trillion and its dominance over the alts standing at 54.3%.
As it typically happens during violent corrections, most altcoins have suffered even more. Ethereum dropped by 8% to under $3,400, while other coins like SOL, DOGE, ADA, AVAX, SUI, LINK, HBAR, DOT, SHIB, and more experienced double-digit losses. The total crypto market cap decreased from $3.760 trillion to under $3.5 trillion, losing roughly $300 billion in the process.
A lot can change in the cryptocurrency markets within 24 hours, and the last day proved that narrative, as BTC slumped from over $102,000 to $95,200. The altcoins have suffered even more, with massive price declines from the likes of ETH, DOGE, ADA, AVAX, LINK, HBAR, DOT, and many others.