Bitcoin tumbles as $1.18 billion in crypto liquidations hit markets
Bitcoin extended its week-long decline, sliding to its lowest level since July as renewed US–China trade tensions and heavy fund outflows forced another wave of liquidations across crypto markets.
According to CryptoSlate data, Bitcoin fell over 5% in the past 24 hours to as low as $103,300 after trading near $112,000 earlier in the week. Ethereum also lost ground, falling 9% to around $3,600.
Meanwhile, Binance’s BNB slid 11% to $1,048, while XRP, Solana, Dogecoin, Tron, and Cardano each lost more than 7% during the same period.
Data from Coinglass shows that the sell-off triggered roughly $1.18 billion in leveraged liquidations within the last 24 hours. Notably, long traders speculating on a market rebound incurred most losses,…
