{"id":98586,"date":"2026-06-05T08:19:41","date_gmt":"2026-06-05T08:19:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=98586"},"modified":"2026-06-05T08:19:41","modified_gmt":"2026-06-05T08:19:41","slug":"altcoin-massacre-triggers-1-2b-in-liquidations-as-eth-tanks-below-1-7k-and-zec-gets-smashed","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=98586","title":{"rendered":"Altcoin Massacre Triggers $1.2B in Liquidations as ETH Tanks Below $1.7K and ZEC Gets Smashed"},"content":{"rendered":"
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The wild cryptocurrency market moves continue as most assets have produced even higher fluctuations in the past several hours, which has inevitably harmed over-leveraged traders.<\/p>\n

The most significant price fluctuation in the past day came from the recent high-flyer Zcash, which crashed after some community members found a vulnerability in its code. This prompted intense backlash including from popular crypto experts, such as Arthur Hayes, who said he had disposed of<\/a> his entire ZEC position.<\/p>\n

The combination of these factors led to a massive and immediate price crash for the privacy token. It went from over $630 yesterday to under $300 earlier today before it recovered some ground and reclaimed the latter.<\/p>\n

Naturally, this intense price move led to substantial liquidations with $100 million worth of ZEC longs getting wrecked on a daily basis, according to CoinGlass.<\/p>\n

However, ZEC is far from the only crypto asset affected by the overall market-wide wildness. Ethereum continues to underperform, especially since it lost the $2,000 support earlier this week. It plunged to under $1,650 earlier today, which became a new 14-month low.<\/p>\n

SOL has dumped by over 7%, HYPE has plummeted by 9%, while ADA is down by another 16% after Cardano\u2019s founder, Charles Hoskinson, said<\/a> he would be taking a break.<\/p>\n

Bitcoin dumped to $61,000 earlier today, but managed to rebound by almost $2,000. The altcoins\u2019 massacre, though, has helped its recovery in terms of market share.<\/p>\n

Bitcoin\u2019s dominance, the index that shows how much of the total market cap belongs to BTC, has risen by over 0.5% in just a day after it had dumped from 58% to 55.5% in a week.<\/p>\n

The overall liquidation data shows that more than 255,000 over-leveraged traders have been wrecked in the past 24 hours, with total wipe-out value of $1.21 billion. Longs are once again responsible for the lion\u2019s share with $935 million.<\/p>\n

\"Liquidation<\/a>
Liquidation Data June 5 on CoinGlass<\/figcaption><\/figure>\n

The post Altcoin Massacre Triggers $1.2B in Liquidations as ETH Tanks Below $1.7K and ZEC Gets Smashed<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The wild cryptocurrency market moves continue as most assets have produced even higher fluctuations in the past several hours, which has inevitably harmed over-leveraged traders. The most significant price fluctuation in the past day came from the recent high-flyer Zcash, which crashed after some community members found a vulnerability in its code. This prompted intense […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-98586","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/98586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=98586"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/98586\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=98586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=98586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=98586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}