🔥🔥🔥 #bitcoin☀️ and #Altcoins👀🚀 Are Falling Again! Why Did $BTC Fall? Is the Reason for the Fall Known? Here is the Answer!
The U.S. Department of Justice (DOJ) has issued subpoenas to Nvidia Corp. and other companies as part of an ongoing antitrust investigation, according to #Bloomberg . This move follows earlier questionnaires sent by the DOJ and has now escalated to legally binding subpoenas, compelling companies to provide information.
The news triggered a sharp drop in Nvidia (NVDA) stock, causing a broader decline in the Nasdaq market and impacting the crypto market as well. Bitcoin briefly surged to $56,700 before retreating, while Ethereum (ETH) dipped below $2,395. Solana ($SOL ) fell 5.2% to $130, Toncoin ($TON ) dropped 7.8% to $4.65, and BNB declined 3.6% to $504.
The market downturn led to a wave of liquidations, with $194 million in leveraged trades wiped out in the last 24 hours, according to Coinglass. Of these, $169 million were long positions, and $25 million were short positions. A total of 73,571 investors were liquidated, with the largest single liquidation order—worth $2.94 million—occurring on Binance in the ETH/USDT trading pair. Bitcoin and Ethereum saw the most liquidations, followed by Solana.
*This is not investment advice.
Source - en.bitcoinsistemi.com
