Bitcoin (BTC) began June 11 trading at nearly $70,000 before falling to a three-week low of $66,170. After that, BTC recovered slightly to nearly $67,700 but is still down nearly 5% over the past 24 hours.
Altcoins also suffered a sell-off in the past day. The CoinDesk 20 global cryptocurrency market index is down more than 6%, with all twenty coins in it falling in price. Specifically, Ethereum (ETH) dropped to nearly $3,500, losing 6.5%, while Solana (SOL), Dogecoin (DOGE), Cardano (ADA), and Chainlink (LINK) suffered losses ranging from 6% to 9%.
This sudden drop in price has resulted in over $250 million in liquidation in leveraged trading positions across all crypto assets in the past 24 hours, according to data from CoinGlass.
