Crypto Markets Slide Following Bitcoin Whale’s Sales and ETF Outflows
Crypto markets tumbled Monday as a massive liquidation sent shockwaves through the market, briefly pushing BTC below $111,000.
Crypto prices fell Monday, pressured by significant Bitcoin (BTC) sales on Sunday that briefly pushed BTC below $111,000, halted ETH’s rally after a fresh all-time high, and wiped out hundreds of millions in leveraged long positions.
Altcoins felt the pressure as XRP (XRP) dropped 2.4% to $2.96, while BNB (BNB) lost 0.6% to $864, and Solana (SOL) fell 4.9% to $197.
The total crypto market capitalization fell by 2.2% to $3.96 trillion, per CoinGecko. CoinGlass data shows $860 million in leveraged crypto positions were liquidated over the past 24 hours, with Ethereum accounting for more than $308 million,…
