Bitcoin Drops Below $74,000, Causing $700 Million in Liquidations – Solana and Ethereum Lag Behind

Written by Emily J. Thompson, Senior Investment Analyst

Source: stocktwits

Updated: 5d ago

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Source: stocktwits

Market Decline: Major cryptocurrencies, including Bitcoin, Ethereum, and Solana, experienced significant declines, with the overall crypto market dropping 2.4% to around $2.67 trillion, and over $700 million in positions liquidated in the past 24 hours.
Investor Sentiment: Weakness in the crypto market mirrored trends in U.S. equities, particularly in large technology stocks, as investors pulled out of riskier assets amid ongoing macroeconomic and geopolitical uncertainties.
Bitcoin Price Fluctuations: Bitcoin's price fell 2.6% to approximately $76,500, recovering from an intraday low of $73,111, while retail sentiment around Bitcoin remained bearish.
Dogecoin's Performance: Despite the overall market downturn, Dogecoin bucked the trend with a 1.6% increase, becoming the top-performing token among major cryptocurrencies, while other altcoins like Ethereum and Solana underperformed.

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About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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