Why Is the Crypto Market Falling Today?
The global crypto market value dropped 3.1% in the last 24 hours to $3.69 trillion. Bitcoin (
$BTC ) fell 2.3% to $107,901, while Ethereum (ETH) dropped 3.7% to $3,753. XRP (XRP) and Solana (SOL) also went down, losing 2.7% and 4.9% each. XRP is now priced at $2.45, and SOL is trading around $178.
According to CoinGlass, the market saw heavy selling pressure that led to today’s decline. About $395.7 million worth of positions were liquidated in the last 24 hours, affecting over 162,000 traders. Most of the losses came from long trades, which made up $334.7 million of the total. Ethereum was hit the hardest with $85 million in forced liquidations, followed by Bitcoin with $74.6 million and Solana with $35 million.
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