Bitcoin’s Weekend Drop Triggers $500 Million in Liquidations

Bitcoin ( $BTC ) has undergone a sharp decline, falling from a high of $98,500 last week to a low of $95,500.

The 3.5% drop marked a technical correction driven by profit-taking as the coin neared the key $100,000 milestone.

While markets quickly stabilized during Asian trading hours on Monday, the entire crypto sector felt the impact of Bitcoin’s pullback.

The total cryptocurrency market capitalization fell 2.4%, with major coins including XRP , Dogecoin (DOGE), Solana (SOL), Ethereum (ETH), Cardano (ADA), and Binance Coin (BNB) falling between 2% and 5% before recovering somewhat. See original post