Bitcoin (BTC) price trades below $98,000 on Friday after declining more than 6% this week. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps, closing below their key support and declining 12% and 4.5%, respectively, this week.
This recent price drop has triggered a wave of liquation across the crypto market. This downturn has resulted in over $1.17 billion in total liquidations in the last 24 hours and more than $238 million in BTC, $220 million in ETH, and $47 million in XRP, according to data from CoinGlass.
