Bitcoin’s Dip Below $110,000 Sparks $524M in Crypto Liquidations
The cryptocurrency market extended its losses on Thursday with Bitcoin briefly breaking below $110,000, prompting altcoins to follow suit.
Bitcoin has since recovered to $110,418, down 1.3% on the day according to CoinGecko data. The majority of the top ten cryptocurrencies by market cap, excluding stablecoins, have remained in the red, with losses ranging from 0.9% to 5.3%.
Ethereum fell 1.8% to around $4,000, while XRP dropped 4% and is currently trading around $2.40. Solana, Cardano, and Dogecoin are down 4.9%, 3.5% and 3.9% respectively, according to CoinGecko data. The sole exception among the top 10 is Tron, up 1.2% on the day.
“Altcoins are under pressure as liquidity continues to rotate back into Bitcoin and…
