Crypto Market Crash: Here’s Why BTC, ETH, XRP, SOL, & Others Retreat Today
Image: The Coin Republic
Key Insights Crypto market crash sends bitcoin price below $81K as Ethereum falls 6.1%. Fed interest-rate uncertainty weighed on cryptocurrencies as bitcoin and ether continued to fall. Bitcoin and Ether futures liquidations totaled nearly $483 million, including $286 million from ether. The crypto market crash spread across major digital assets on Thursday as bitcoin and other crypto prices retreated. The decline followed Wednesday’s U.S. inflation report and coincided with withdrawals from spot Bitcoin and Ethereum funds. Meanwhile, crypto liquidation data showed a concentration of forced closures among traders positioned for higher prices. Crypto Market Crash Pushes Bitcoin Below $81,000 Amid the recent crypto market crash, Bitcoin price fell to $80,416.26 at the time of writing. Bitcoin fell 3.4% over the preceding 24 hours and 2.3% over the seven-day reporting period.
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