Crypto Market Wipes Out $200 Billion as Bitcoin Falls Below $62,000
The cryptocurrency market lost roughly $200 billion in value over 24 hours as Bitcoin fell below $62,000, triggering the largest wave of leveraged liquidations since January.
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The cryptocurrency market lost roughly $200 billion in value over 24 hours as Bitcoin fell below $62,000, triggering the largest wave of leveraged liquidations since January.
Crypto liquidations hit $1.44 billion, approaching levels seen during the COVID crash and the FTX collapse.
Strategy shares drop 12%, erasing $5 billion in value as Bitcoin losses and liquidations weigh on sentiment.
The crypto market extended its sharp decline as Strategy added more bitcoin despite mounting losses, while forced liquidations accelerated across exchanges. Bitcoin’s drop below $70,000 triggered heavy unrealized losses and dragged crypto-linked stocks sharply lower.
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Bitcoin drops below $82,000 as $1.75 billion in crypto positions are liquidated during a sharp market selloff.
Bitcoin slips below $84,000 after $500 million in liquidations, dragging total crypto market value down by $200 billion.
Bitcoin briefly plunged to $82,000, triggering about $300 million in liquidations in just 15 minutes.
Bitcoin fell below $94,050 as crypto liquidations hit $1.2 billion and tech stocks lost $1.5 trillion in two days.
Over $289 million in crypto positions were liquidated within an hour as volatility surged across major assets.