Bitcoin's adventure above $100000 was short-lived: about 24 hours after yesterday's breakout, the price fell below $100000.
As expected, #altcoins suffered even more: many altcoins, including LINK, #DOGE , AVAX, #SUI and SHIB, saw their prices drop significantly.
Yesterday, CryptoPotato reported that the price of #BTC has finally crossed the $100,000 mark after a nearly three-week hiatus. This was after MicroStrategy's latest purchase.
BTC continued to rise, peaking at just under $103,000 in the Asian trading session on Tuesday morning.
However, it was unable to continue rising and gradually began to fall in value. On the same day, it stopped at around $102,000, and an hour before the "bears" took control of the market. Since then, the major cryptocurrencies have lost nearly $5,000, falling to $97,160 (according to Bitstamp).
altcoins fared even worse. Ethereum fell 7% on the day and is struggling below a key support-resistance line at $3,500; XRP and SOL fell at similar rates to below $2.3 and $210, respectively; DOGE, SUI, AVAX, LINK, XLM, SHIB, DOT BCH, PEPE and other cryptocurrencies fell even more painfully, with prices dropping as much as 11%.
the rise in volatility hit overleveraged traders: over 130000 market participants crashed over the last 24 hours. Total liquidations amounted to $390 million over the day, exceeding $ 200 million in the last hour alone.
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