Bitcoin and altcoins experienced a brief rise in price, with Bitcoin reaching $83,000, but quickly fell below $80,000. This decline affected altcoins such as Ethereum, XRP, and Solana, with only Mantle, Ethena, and XDC remaining in the green. The decline is attributed to market fear and economic uncertainty, leading to increased selling pressure and lower prices. The decline in the cryptocurrency market is also believed to be related to the downtrend in US stock markets. Over $674.2 million worth of leveraged positions were liquidated, with long positions accounting for $508 million and short positions for $165.5 million.



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