Altcoins Take A Hit As Crypto Market Sees $1.5 Billion Liquidated
Ethereum, Solana, and other altcoins faced significant declines as crypto markets experienced a sharp correction on Monday, resulting in over $1.5 billion in futures liquidations. This downturn followed Bitcoin’s rise past the $100,000 mark, prompting speculation that investor optimism for an “alt season” might be waning.
Crypto market experiences over $1.5 billion in liquidations
The pullback impacted major coins significantly, with Ethereum (ETH), Solana (SOL), XRP, and Dogecoin (DOGE) each suffering losses exceeding 4%. The previous week had seen the altcoin market cap close above $1.6 trillion for the first time since 2021, which fueled expectations for an alt season. However, these hopes dampened as Bitcoin’s dominance…
