#Crypto Market Crash: $900M Liquidations Hit Bitcoin, Ethereum, and #Altcoins

The cryptocurrency market plunged into chaos this week, with Bitcoin, Ethereum, and major altcoins like XRP and Dogecoin suffering steep declines, triggering over $900 million in liquidations within a single day. A massive 24,000 $BTC sell-off worth $2.7 billion by a single whale sparked the downturn, exposing the fragility of an already volatile market. Here’s a deep dive into the crash, its causes, and what lies ahead for investors.

#Bitcoin Dips Below $110K: A Psychological Blow

Bitcoin (BTC), the cornerstone of the crypto market, fell below $110,000 for the first time since early July, trading at $110,441—a 2.2% drop in 24 hours and over 5% down for the week. The decline began with a whale’s massive sell-off, which unleashed panic in a market already grappling with thinning liquidity and macroeconomic uncertainty.

The whale’s transaction wasn’t the sole driver, however. Weak liquidity, delayed expectations for a Federal Reserve interest rate cut, and wobbling equity markets created a perfect storm for crypto. The sell-off broke through key support levels, triggering automated liquidations that amplified the downturn.

Ethereum’s Record High to Rapid Reversal

#Ethereum (ETH), the second-largest cryptocurrency, wasn’t spared. After hitting a record high of $4,900 on Sunday, $ETH plummeted 8% to $4,375 within 24 hours. This sharp reversal wiped out $320 million in leveraged futures positions, making Ethereum the hardest-hit asset in the liquidation wave.

The rapid shift from euphoria to panic underscores the crypto market’s volatility. New price highs often attract speculative trading, but they can also signal overextension, leading to swift corrections when momentum fades.

Altcoins Bleed: $XRP , Dogecoin, #Solana Take a Hit...

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