The crypto market has been on a rollercoaster ride in the last 24 hours! 🎢 Bitcoin fell below $56,000, hitting a monthly low, and its market cap fell below $2.1 trillion. However, bulls attempted a recovery in the evening hours, pushing the price above $58,000. Unfortunately, this momentum could not be sustained, and BTC fell back to $57,000.

This volatility led to $100 million worth of liquidations in the derivatives market. The altcoin market saw mixed results. While some, such as XRP, TRX, LINK, saw slight declines, others, such as SOL, ADA, AVAX, saw slight gains. Helium (HNT) and Injective (INJ) stood out with an increase of 11.7% and 7.2%, respectively. 🚀