Bitcoin (BTC) and altcoins have experienced significant price declines, with BTC dropping to a weekly low of under $100,000. Altcoins such as DOGE, XRP, ADA, SOL, and others have also seen massive price drops. The cryptocurrency market has been hit hard, with BTC's market cap falling below $2 trillion. Other coins like ETH, XRP, BNB, ADA, and LINK have also experienced substantial declines. The volatility has led to the liquidation of nearly 230,000 traders and a total value of wrecked positions exceeding $600 million. The largest single wrecked position was worth $98.46 million and involved the BTC/USDT pair on HTX.
Content Editor ( cryptopotato.com )
- 2025-01-27
Bitcoin’s Plunge Below $100K Wipes Out a Single Whale for $100M
