Bitcoin's Market Cap Plummets Below $2 Trillion Amidst Significant Liquidations
Bitcoin's Market Cap Plummets Below $2 Trillion Amidst Significant Liquidations
The cryptocurrency market witnessed a substantial downturn as Bitcoin's market capitalization collapsed below the $2 trillion mark. This sharp decline led to extensive liquidations, with approximately $400 million worth of crypto positions being wiped out across the market.
Bitcoin Market Cap Dips Below $2 Trillion Threshold
Recent reports indicate a significant shift in the cryptocurrency landscape, as Bitcoin (BTC) saw its total market capitalization fall below the critical $2 trillion level. This market movement triggered a wave of liquidations across various crypto assets. According to data compiled by CoinGlass, a staggering $400 million in crypto positions were wiped out as a result of the sudden price volatility, reflecting widespread losses for investors holding leveraged positions.