#CryptoMarketDip Bitcoin (BTC), which traded just below $ 101,000 dipped to $ 97,000 and down 4% over the past 24 hours.

Altcoins majors declined even more with Ethereum's ether (ETH) and Solana's SOL losing 6%-7%.

The swift decline in prices liquidated nearly $ 300 million long positions across derivatives markets betting on rising prices.