Selling pressure increased after Bitcoin fell below the key $66,000 support level. This triggered panic and pushed long liquidations sharply higher to $433.65 million.
Altcoins See Bigger Losses
Bitcoin, the world’s largest cryptocurrency, fell nearly 5% and dropped to around $64,375. Once Bitcoin started to drop, the rest of the crypto market followed.
Altcoins suffered heavier losses than Bitcoin. Ethereum (ETH) fell 5.5% and dropped below $1,870, while Solana (SOL) dropped to $77. XRP price also fell to $1.33.
Other major altcoins like TRON (TRX), Chainlink (LINK), Cardano (ADA), and Dogecoin (Doge) recorded bigger losses, falling between 6% and 10%, showing strong selling pressure across the altcoin market.
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