Crypto price today: Bitcoin slips below $116,000 amid liquidations; Solana, XRP fall up to 5%
Bitcoin slipped below key support levels on Friday, triggering a broad risk-off sentiment across the crypto market. As of 2:14 pm IST, the world’s largest cryptocurrency was trading at $115,150, down 2.9%, while Ethereum held firm, rising 0.5% to $3,346. Most altcoins saw mixed movement.
Bitcoin’s decline below the $116,000 mark sparked heavy long liquidations. According to Riya Sehgal, Research Analyst at Delta Exchange, the market saw $721 million in total liquidations over the past 24 hours, with long positions accounting for $567 million. “The drop from $119,000 to below $116,000 triggered cascading liquidations, particularly in the $117,000–$120,000 zone,” she said. A liquidity buildup between $113,000 and $115,000 could…
