Bitcoin (BTC) Price Slips Below $93K in Crypto Selloff; Trader Sees Short-Term Bounce
Bitcoin (BTC) erased all its early-2025 rise on Wednesday as macro jitters and the global bond rout accelerated the sell-off in crypto prices.
The largest crypto slipped to a session low of $92,600 during U.S. trading hours, shedding nearly 10% in two days from its Monday peak above $102,000. It has recovered some of the losses and recently traded at $94,300, still down 2.5% over the past 24 hours.
Cardano’s ADA, Render’s RNDR and Aptos’ APT led losses in the broad-market benchmark CoinDesk 20 Index, which slipped over 3% over the same period.
The violent two-day plunge liquidated nearly $1 billion worth of leveraged derivatives positions across crypto assets, predominantly longs betting on higher prices, CoinGlass data shows. The slide…
