Bitcoin, Ethereum, XRP, Dogecoin Tank Amid Tech Rout; Gold Also Cools: Analyst Flags Key BTC Support, Resistance Levels
Leading cryptocurrencies plunged alongside stocks on Thursday, as a tech-driven sell-off sent risk-on markets into a tailspin.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 8:30 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -5.68% | $83,742.77 |
| Ethereum (CRYPTO: ETH) |
-6.37% | $2,801.73 |
| XRP (CRYPTO: XRP) | -5.36% | $1.79 |
| Solana (CRYPTO: SOL) | -5.90% | $117.27 |
| Dogecoin (CRYPTO: DOGE) | -5.89% | $0.1167 |
Crypto Sees Over $1 Billion In Liquidations
Bitcoin sank below $84,000 to hit levels last seen in April. Trading volume surged 64% over the last 24 hours, signaling high selling pressure.
Ethereum dived to $2,751, its worst since early July, while XRP and Dogecoin recorded sharp drops.
Shares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR), closed down 9.63% and 9.89%, respectively
About $1.74 billion was liquidated from the market in the last 24 hours, according to Coinglass, with $1.64 billion in levered longs alone wiped out. Bitcoin’s open interest fell 2.24% in the last 24 hours to …
About The Author
