Why Bitcoin and Altcoins Faced Aggressive Liquidations
#### Bitcoin Price Trend
Bitcoin's price is currently $58,854, its lowest in two months, dropping 14.7% in the past 30 days, 3.6% in the last 7 days, and 3.6% in the last 24 hours. The price started July at $62,814 and has shown consistent declines.
#### Overall Crypto Market Analysis
Ethereum and Solana are also down. Ethereum fell 14.3% in 30 days, 4.7% in the last week, and 4.7% in the past 24 hours. Solana dropped 18% in 30 days, 0.6% in the last week, and 9.7% in the past 24 hours. BNB and XRP show similar trends.
#### Impact on Traders
Traders who bought Bitcoin near $60,000 are now selling due to falling prices, which might increase selling pressure across the market.
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