Bitcoin and Ethereum Hit Multi-Week Lows Amid Mass Liquidations

392622
392622
ETH-6.97%
BTC-2.55%
DOGE-9.05%
LINK-8.35%
ADA-7.87%
XRP-4.58%

Key Takeaways

  • Over $1.7 billion in leveraged positions were liquidated in 24 hours, with Ethereum and Bitcoin leading losses.
  • Bitcoin fell to $111,980 before rebounding to $112,500, while Ethereum tested $4,100, with Gold hitting a fresh all-time high at $3,725.
  • BNB retreated after hitting a record high, XRP dropped below $2.70, while altcoins like DOGE, ADA, and LINK saw double-digit losses, as the global crypto market cap slid below $4 trillion.
  • Trump’s proposed $100,000 H-1B visa fee threatens India’s $280 billion outsourcing industry, adding macro uncertainty.
  • Treasury accumulations for BTC and ETH continued with BitMine Immersion adding 264,378 ETH, now holding 2.4 million ETH (2% of supply), and Metaplanet adding 5,419 BTC, boosting holdings to 25,555 BTC.
Visit source
5.02K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.