Bitcoin (BTC) Dumped to a 4-Month Low, Liquidations Soar to Almost $1 Billion

Description

The bullish narrative of this cycle has been put to a serious test lately as the cryptocurrency sector continues to sink. Its total market capitalization plummeted below $2.7 trillion, while Bitcoin (BTC), Ethereum (ETH), and many other leading digital assets tanked to multi-month lows. Several hours ago, the primary cryptocurrency collapsed below $77,000 for the first time since November 2024. The bulls , though, managed to stop the freefall, and the price currently stands at around $80,000 (pe...