Bitcoin dropped to a nine-month low amid sharp liquidations and falling commodity prices, signaling intensified market stress across digital assets and traditional safe havens.
Bitcoin briefly hit $74,546 on Monday, marking a nine-month low and a 5.7% intraday decline. The selloff coincided with massive crypto liquidations totaling $1.6 billion and a sharp drop in precious metal prices that unsettled global markets. Ether, Solana, and other major cryptocurrencies also saw steep declines, pushing total crypto market capitalization down nearly 3% to about $2.6 trillion. Analysts attribute the downturn to a combination of profit-taking by long-term holders, stagnant realized capitalization, and reduced liquidity, with pressure compounded by weakness in traditional safe-haven assets.