The cryptocurrency market experienced widespread losses in early Sunday trading, with Bitcoin down 0.45% over the past 24 hours. Ethereum, XRP, Solana, Dogecoin, and Cardano saw declines between 1% and 4%, while Algorand, Bittensor, Pyth, and Dogwifhat fell 4% to 6%. Total crypto liquidations exceeded $89 million, according to CoinGlass.
Strategy co-founder Michael Saylor emphasized Bitcoin’s long-term value, tweeting, “When you buy Bitcoin, you strengthen the network. When you sell Bitcoin, you weaken it.” Bitcoin remains flat, trading at $97,117, up 0.13% for the week, but still below the $100,000 mark since early February.
Bitcoin has been confined below its 50-day simple moving average (SMA)…
