Ether, Dogecoin, Solana Slide as Bitcoin Fails to Sustain Early-Week Breakout
Crypto markets declined as Bitcoin failed to hold above $94,500, leading to over $514 million in leveraged positions being liquidated.Summary
Bitcoin slipped toward $90,000 on Thursday, unwinding much of Tuesday's rebound, as major tokens like Ether, Solana, and Dogecoin extended their weekly losses. This pullback followed a brief spike above $94,500 on Tuesday that failed to break three weeks of resistance, causing BTC to fall back into its month-long range. The volatility led to over $514 million in leveraged positions being wiped out in 24 hours, with long positions accounting for the majority of liquidations. Macro factors offered little support, as the Federal Reserve delivered a rate cut but projected fewer future reductions. Analysts remain cautious, with some forecasting BTC could finish the year below $84,000, while traders watch if the $90,000–$91,000 support level can hold.
(Source：CoinDesk)