Urgent: A violent selling wave hits digital currencies.. Correction or a continuous decline?
The price of Bitcoin fell significantly during the past hours of trading on Thursday, erasing all its gains achieved at the beginning of 2025, as the selling wave in cryptocurrency prices accelerated due to macroeconomic concerns and the global bond crisis.
The largest digital currency fell to its lowest level in the session at $ 92,600 during trading hours in the United States, falling by about 10% in two days from its peak on Monday that exceeded $ 102,000. It has recently recovered some of its losses to now trade at $ 94,300, down 2.5% in the past 24 hours.
Cardano (ADA), Render (RNDR), and Aptos (APT) led the losses in the market as a whole, as the currencies fell by more than 3% in the past 24 hours.
The two-day crash has liquidated nearly $1 billion in leveraged derivatives positions on crypto assets, most of them long positions that were betting on a price rise, according to Coinglass data. The plunge has also temporarily pushed bitcoin below its year-to-date level.