$BTC

m - Bitcoin fell significantly in the past hours of trading on Thursday, erasing all of its gains made in early 2025, as the sell-off in cryptocurrencies accelerated due to macroeconomic concerns and the global bond crisis.

The largest digital currency fell to a session low of $92,600 during US trading hours, down 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 overall market, with the coins falling more than 3% in the past 24 hours.

The two-day crash led to the liquidation of nearly $1 billion in leveraged derivatives positions on cryptocurrency assets, most of them long positions that were betting on a price rise, according to Coinglass data. The plunge also temporarily pushed bitcoin below its level at the start of the year.