Bitcoin rose above $100,000 again last week after a long period of time. However, it could not hold above $100,000 for a long time and started to decline again.
While Bitcoin fell to $93,000, this decline also negatively affected altcoins, and all altcoins also experienced a decline.
According to CoinMarketCap data, Bitcoin fell 1.2% in the last 24 hours, while Ethereum (ETH) fell 2%; XRP fell 3.6%; Cardano (ADA) fell 7.3% and Avalanche (AVAX) fell 5.5%.
While altcoins also experienced a decline, only one altcoin saw an increase in the last 24 hours. According to the data, only the altcoin named Raydium (RAY) saw a 1.7% increase in the last 24 hours, while Virtuals Protocol (VIRTUAL) experienced the biggest decline with 15.9%.
While altcoins SPX and PENGU followed with 12%, ENA, BGB, IOTA and ONDO were also among the altcoins that suffered the biggest decline.
While Bitcoin and altcoins fell, $328 million was liquidated in leveraged transactions. $262 million of this was from long positions and $66 million from short positions.
While 141,126 investors liquidated in the last 24 hours, the largest liquidation occurred in the BTC/USDT transaction on Binance.
*This is not investment advice.
