SOL, SUI, DOGE, ADA price news: Altcoins lead losses as bitcoin slips below $85k
Altcoins like SOL, SUI, DOGE, and ADA plunged after Bitcoin dropped below the key $85,000 support level, causing $550 million in liquidations.Summary
Cryptocurrency losses accelerated after Bitcoin (BTC) broke below the crucial $85,000 support level, dipping to $84,500, which erased its earlier rally to $89,500. This downturn dragged the broader market lower, with Ether falling under $2,800. Altcoins experienced sharper declines; Solana (SOL) dropped 4% below $120 (its lowest since April), while ADA, DOGE, and SUI plunged over 5%, significantly outpacing Bitcoin's 1.6% daily loss. These sharp price swings triggered $550 million in liquidations across derivatives markets over 24 hours. Analysts at AmberData noted that while losing the $85,000 level could signal a deeper correction toward $80,000, the lack of a spike in trading volume suggests an "orderly deleveraging" rather than panic selling, indicating sellers are becoming exhausted.
(Source：CoinDesk)