heavy fall of the digital currency market; Bitcoin below $67,000, hundreds of millions of dollars of capital on fire.
The digital currency market faced a new wave of massive selling and the price of major cryptocurrencies dropped drastically.
According to the published report citing market data, Bitcoin fell below $67,000, Ethereum below $1,900, Ripple below $1, and Solana below $75. These price levels are current and subject to change.
It was also reported that more than 330 million dollars of leveraged trading positions were eliminated in just two hours; This means that traders' trades were forcibly closed due to heavy losses.
CoinDesk also reported increased selling pressure and a significant increase in liquidation.
Concerns about US monetary policy, the strengthening of the dollar and capital outflows from high-risk assets were cited as pressure factors in the market.
Analysts warn that the continuation of forced sales may increase market volatility.