#BitcoinDropMarketImpact The decline is largely attributed to weak US labor data, heavy outflows from crypto ETFs, and a broader retreat from "risk-on" assets due to volatility in the global tech sector.
Bitcoin (BTC): Tumbled over 10% in the last 24 hours to trade around $64,000–$65,000 after testing support at $60,000.
Ethereum (ETH): Dropped more than 10% in a single day, falling to roughly $1,928.
Altcoins: Major tokens like Solana (SOL) and XRP recorded sharp declines of 13.8% and 12.7% respectively.
Liquidations: Nearly $800 million in leveraged long positions were forcefully liquidated in just 24 hours, accelerating the downward momentum. $BTC
BTC
66,396.53
-1.32%
BNB
607.11
-1.32%
SOL
78.64
-2.55%