- Bitcoin (BTC): Dropped to an intraday low of $58,315, down 3.8% in 24 hours.
- Reached a high of $61,868 earlier in the day before the slide.
- Over the last two weeks, BTC has seen a 13.9% loss against the U.S. dollar.
- Crypto Market Decline: The broader market dropped 3.18%, bringing total value to $2.06 trillion.
- Trading Volume: Increased by 7.53% over the previous day but remained subdued compared to the last week.
- Ethereum (ETH): Fell to $2,540 after hitting $2,720 earlier, now trading at $2,568.
- Top Losers:
- Toncoin (TON): -7.5%
- XRP: -6.5%
- Solana (SOL): -5.73%
- Derivatives Market Wipeout:
- 54,744 traders liquidated, totaling $132.49M by 5:15 p.m. EDT.
- Long Position Losses: $102.33M, with:
- BTC: $25.95M
- ETH: $22.84M
- SOL: $8.37M
- Largest Single Wipeout: $2.17M ETH trade on Okx.
🔁 Volatility Continues: As Sunday evening approached, the market remained highly volatile with increased selling pressure.
💭 What are your thoughts on these market losses? Share your opinion in the comments below!
#MarketDownturn #bitcoin☀️ #BTC☀ $BTC