Crypto Liquidations Top $2 Billion as Bitcoin Continues Slide, Ethereum Hits 4-Month Low

In brief

  • Total crypto market liquidations topped $2 billion over the last day, led by Ethereum and Bitcoin.
  • Bitcoin fell under $100,000 for the first time in six months Tuesday, dipping to about $99,000 before rising again.
  • Ethereum, meanwhile, hit a four-month low as it bottomed out not far from the $3,000 mark.

Tuesday’s crypto market bloodbath only got worse as the afternoon dragged on, with Bitcoin nearly touching the $99,000 mark, Ethereum falling to a four-month low, and total daily liquidations topping $2 billion.

Bitcoin fell below the $100,000 mark on Tuesday for the first time in six months, then continued to dip lower after briefly rebounding. According to CoinGecko, BTC fell as low as $99,075 on Tuesday, with CoinMarketCap…

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