Bitcoin Falls to $110K as Crypto Market Cap Drops to $3.81 Trillion

The cryptocurrency market cap declines by over 2% amid a Bitcoin price drop, with over $1.2 billion in liquidations hitting the market.

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Summary

The total cryptocurrency market capitalization dropped by more than 2% to $3.85 trillion on September 26 as Bitcoin fell below the $109,000 threshold. This price drop was accompanied by over $1.2 billion in liquidations, further impacting market sentiment.

Terms & Concepts
  • Market Capitalization: The total value of all outstanding coins or tokens in a cryptocurrency market, calculated by multiplying price by circulating supply.
  • Bitcoin: The first and largest cryptocurrency by market value, designed as a decentralized digital currency without a central bank.