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 ($3,122.47)) fell 2%; XRP ($2.43) fell 3.6%; Cardano (ADA ($0.91)) fell 7.3% and Avalanche (AVAX ($34.04)) 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 ($4.42)) saw a 1.7% increase in the last 24 hours, while Virtuals Protocol (VIRTUAL) experienced the biggest decline with 15.9%.
While altcoins SPX ($0.92) and PENGU followed with 12%, ENA, BGB, IOTA ($0.30) 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 ($92,047.04)/USDT ($1.00) transaction on Binance.
*This is not investment advice.
Continue Reading: While Bitcoin (BTC) Falls, Only One Altcoin Rises! Here is the Star of the Day!
