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Bitcoin Briefly Dips Below $100,000 – More Than $860 Million Were Liquidated

19.12.2024 5:02 1 min. read Alexander Stefanov
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Bitcoin Briefly Dips Below $100,000 – More Than $860 Million Were Liquidated

After starting this week with a major surge, the cryptocurrency market finally experienced a significant downturn.

On Monday Bitcoin’s price reached a new all-time high (ATH) above $108,000. Despite this strong surge, the crypto market seems to have lost momentum.

Today BTC briefly dropped below $100,000 (marking a 5-day low), but managed to regain some of the losses.

At the time of writing, Bitcoin is trading $100,360 after a 5.15% decline in the past 24 hours with almost $100 billion in trading volume.

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The total cryptocurrency market cap dropped 7.23% during this period to $3.42 trillion.

According to data from CoinGlass, positions worth $862.52 million were liquidated – $753.17 million in longs and $110.46 million in shorts).

Alexander Stefanov
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With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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