Whoa, hold onto your hats, folks, because the crypto rollercoaster is in full swing! We've seen some jaw-dropping moves in the altcoin world, with prices taking a nosedive over the past day. It's like watching a dramatic soap opera, but with digital coins!
Let's talk about the king of the crypto jungle, Bitcoin. It's been having a tough time, slipping down to levels we haven't seen since mid-January, hovering just above $90,000. Ouch! That's a hefty $9,000 drop since its high-flying peak last Friday.
And if you think that's wild, check this out: over $1 billion in positions have been liquidated, with long positions feeling the brunt of it. It's like a crypto tsunami sweeping through the market.
Oh, remember last Friday? Bitcoin was on a victory lap, hitting a weekly high of $99,500, all thanks to some good vibes from Coinbase winning its two-year battle with the SEC. But then, bam! The mood shifted faster than you can say “blockchain,” thanks to a humongous hack over at Bybit. We're talking a mind-boggling heist of $1.4 billion, mostly in ETH. Yikes!
Bitcoin, along with its digital pals, took a sharp dive to $95,000, and after a quiet weekend, it slipped again to $94,000 on Monday. Tuesday morning brought another bear attack, dragging BTC down to a six-week low of just over $90,000. That's a $9,000 dip in just a few days, but hey, some analysts are shrugging it off like it's just another Tuesday.
Now, if you think Bitcoin's drama is something, the altcoins are having their own meltdown. ETH, DOGE, SOL, LINK, ADA, XRP, XLM, AVAX, and LTC are all feeling the heat, with double-digit losses. It's like the crypto sky is falling!
This wild ride has left a trail of liquidated positions worth over $1 billion, with a whopping $950 million coming from long positions. The biggest single liquidation happened on Binance, worth $15 million – talk about a crypto crash!
In the past day alone, over 310,000 traders have been caught in this storm, showing just how wild the crypto seas can get. Buckle up, folks, because who knows what tomorrow will bring in this thrilling world of digital currency!
