Bitcoin, XRP and Dogecoin Pummeled as Crypto Liquidations Top $2.2 Billion

In brief

  • Bitcoin dove to a price of nearly $81,000 on Friday morning, and briefly returned above $85,000 before falling again.
  • Crypto market liquidations topped $2.2 billion as other coins fell even harder than Bitcoin.
  • Bitcoin has fallen by more than 33% since hitting a new all-time high price in October.

It’s already been a wild Friday for the crypto markets, with Bitcoin diving to a price of nearly $81,000—the lowest mark seen since April—as altcoins marked even sharper dives, leading to billions of dollars’ worth of liquidations.

But Bitcoin and other top coins are starting to recover, with the price of BTC recently rebounding back above $85,000 as Ethereum, XRP, Solana, and Dogecoin are among majors inching back up the charts…

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