Monday blues hit the crypto world hard today, as Bitcoin took a nosedive, leaving traders clutching their virtual hats. Just when BTC was flirting with the $96,000 mark, the bears crashed the party, dragging the price down to its lowest point since late November.
It's not just Bitcoin feeling the pinch; the entire altcoin universe seems to be in freefall. Ethereum tumbled below $3,100, XRP slipped under $2.4, and others like ADA, SUI, and more are seeing double-digit drops. Ouch!
Last week's roller-coaster ride for Bitcoin started on a high, skyrocketing past $100,000, and even teasing $102,000. But then, the thrill ride turned into a freefall, losing over ten grand in 48 hours and hitting $91,250 by Thursday. The bulls tried to stage a comeback, nudging Bitcoin back towards $96,000 a couple of times, but today's attempt was a bust. BTC got slapped back down to $93,000 and then slid further to $90,700, marking a near two-month low.
Ethereum isn't the only altcoin feeling the heat; XRP, ADA, SOL, SUI, AVAX, LINK, SHIB, XLM, ICP, AAVE, and others are also taking a beating. The crypto market's wild swings have left over 200,000 traders licking their wounds, with liquidations totaling nearly $500 million in the past 24 hours. The biggest single loss? A whopping $8 million on Binance.
As the crypto world spins, hang on tight—it's a bumpy ride!
