The cryptocurrency market experienced significant losses as Bitcoin dropped by 9.3% over the last 24-hour period, declining to the level of $75,500 with (BTC).

Bitcoin experienced a get dumped of 9.3% in the last 24 hours, falling from the level of 83,381 dollars to 74,500 dollars. This situation led to large-scale liquidations in the market.
According to Coinglass data, at the time this article was written, the total value of positions liquidated in the last 24 hours reached 1.36 billion dollars. It was noted that more than 343,000 cryptocurrency investors were affected by this situation.
The liquidated positions amounted to 371 million dollars from Bitcoin and 306 million dollars from Ethereum (ETH). When examining the data across all cryptocurrencies, 876 million dollars worth of long (long) positions were liquidated within 24 hours, while the total value of liquidated positions on the short (short) side corresponded to 141 million dollars.
Bitcoin has shown a drop of 5.8% in the last 24 hours, while this drop has reflected much more sharply on altcoins. Ethereum has dropped 14.5% during the same period, Solana (SOL) 18.8%, and Dogecoin (DOGE) 14.6%. The total value of the cryptocurrency market has decreased to 1.53 trillion dollars.
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