Bitcoin dropped sharply below $110,000 following consecutive market sell-offs, triggering high liquidation volumes and further declines across leading cryptocurrencies.
Crypto markets continued declining today, with Bitcoin falling to $108,329 and Ethereum trading at $3,754. Over the past hour, $95.4 million in positions were liquidated, including $93.53 million from longs, adding to the $870 million wiped out after yesterday’s dip to $106,000. This extended sell-off impacted altcoins similarly, following the post-FOMC downturn.