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Bitcoin Falls to $108,000 as Crypto Market Loses 4% in Value

Bitcoin and Ethereum extended losses amid intensified selling, with $95.4 million in market-wide liquidations predominantly from long positions.

BTC
ETH

Summary

The cryptocurrency market saw further declines over the past four hours, with Bitcoin trading at $108,329 and Ethereum at $3,754. In the last hour alone, liquidations totaled $95.4 million across all assets, with $93.53 million coming from long positions. This adds to the recent 4% drop in total market capitalization to $3.64 trillion, reflecting heightened selling pressure and shifting sentiment.

Terms & Concepts
  • Market Capitalization: The total value of all coins and tokens in circulation, calculated by multiplying the current price by the circulating supply.
  • Fear and Greed Index: A metric that gauges investor sentiment in the cryptocurrency market, ranging from extreme fear to extreme greed.
  • Sell-off: A rapid selling of assets, often leading to a sharp decline in market prices.