Although the leading cryptocurrency Bitcoin rose to $83,000 during the day, this rise was short-lived and the BTC price fell below $80,000.
The decline in BTC also affected altcoins, with Ethereum (ETH) down 3.6%; XRP down 4.7% and Solana (SOL) down 8.6% in the last 24 hours.
The declines in the last 24 hours continue, with only Mantle (MNT), Ethena (ENA) and XDC remaining in the green.
While there is no specific reason or news flow behind the decline in Bitcoin and altcoins, it seems that the extreme fear and economic uncertainty dominating the market have increased the selling pressure and lowered the prices.
In addition to Bitcoin and cryptocurrencies, the downtrend continues in the US stock markets. At this point, it is evaluated that the decline is related to the pullback in the US stock markets.
According to Coinglass data, leveraged positions worth $674.2 million were liquidated in the last 24 hours, $508 million of which were long positions and $165.5 million were short positions.
*This is not investment advice.
