CandleFocus Bitcoin Tumbles Below $83K as Crypto Market Sheds $1 Billion in Liquidations
2025-03-04
Author: Content Editor
The price of bitcoin and other cryptocurrencies has experienced a significant downturn, with bitcoin dropping to $82,618 per coin and the total crypto market contracting by over 12%. Trade volume has decreased, with sell-offs driving the majority of activity. Ethereum, XRP, and other cryptocurrencies have also seen declines in value. Meme coins have been hit particularly hard, with assets like ADA and DOGE experiencing substantial drops. Crypto derivatives platforms have seen $1 billion in liquidations, with long positions in BTC being heavily affected.
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