Bitcoin drops below $90K, triggering $947M in liquidations
Crypto Briefing
Bitcoin fell below $90,000, causing approximately $947 million in leveraged liquidations across the crypto market.Summary
Bitcoin experienced a significant downturn, dropping to $89,700 after failing to maintain the $90,000 level on Monday. This slide triggered about $947 million in leveraged liquidations over the preceding 24 hours, according to data from CoinGecko and CoinGlass. The broader market also suffered, with Ethereum falling 7% below $3,000, XRP dropping 6%, and Solana and BNB each losing around 4%. Consequently, the total value of the crypto market decreased by 5% to $3.1 trillion, and investor sentiment plummeted to "extreme fear," as indicated by the Fear and Greed Index reading of 11.
(Source：Crypto Briefing)