Bitcoin’s price has dropped by over $4,000 since Friday, coming within $200 of reaching $100,000. Altcoins such as XRP, DOGE, and ADA have also experienced a reversal in their trajectory and started to decline. Bitcoin’s value has dropped below $96,000, with its market cap falling below $1.9 trillion.
Many altcoins have suffered even greater losses, with XRP dropping by 11% and ADA by 9%. Dogecoin has also decreased in value, falling from nearly $0.5 to $0.41. Over 200,000 over-leveraged traders have been liquidated in the past 24 hours, with a total value of liquidated positions at almost $500 million.
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