Bitcoin Drowns Below $100,000; Ethereum, XRP, Dogecoin Also Fall: Analytics Firm Says Many Still ‘Buying Dips With Confidence’
Leading cryptocurrencies sank deeper into misery on Tuesday, while stocks also closed down.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:25 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -7.06% | $99,477.87 |
| Ethereum (CRYPTO: ETH) |
-12.48% | $3,183.64 |
| XRP (CRYPTO: XRP) | -8.72% | $2.13 |
| Solana (CRYPTO: SOL) | -9.94% | $150.48 |
| Dogecoin (CRYPTO: DOGE) | -6.65% | $0.1579 |
Crypto Liquidations Top $2 Billion
Bitcoin crashed below $100,000 for the first time since early May, a sharp U-turn from its all-time highs only a month ago. The apex cryptocurrency’s trading volume surged 47% in the last 24 hours to a whopping $111 billion.
Bitcoin’s drop caused tremors across the market, with Ethereum plummeting over 12% and nearly sinking below $3,000. XRP and Dogecoin fell 8.72% and 6.65%, respectively.
A liquidation tsunami swept across the market, wiping off more than $2 billion in the last 24 hours. Long liquidations accounted for $1.70 billion.
Bitcoin’s open interest plummeted 6% in the last 24 hours, while funds locked in Ethereum derivatives dropped by over 18%.
Interestingly, over 72% …
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