Bitcoin fell to a 4-month low

Bitcoin BTC $94,921.39 Bitcoin 1.47% Market capitalization $1.88 trillion VOL. 24 hours $1.37 billion fell to a 4-month low, and the total amount of liquidations in the cryptocurrency market exceeded $ 950 million. The total capitalization of the crypto market has fallen below $ 2.7 trillion, which, in turn, has caused a massive drop in the prices of major digital assets.

According to crypto experts, on the night of March 11, BTC dropped below $ 77,000 for the first time since November 2024, but bulls were able to partially stop the decline, and the price is currently at $ 80,300.

Ethereum ETH $1,817.06 Bridged Ether (StarkGate) 3.65% Market capitalization $0.16 billion VOL. 24 hours $0.92 billion briefly dropped below $ 1,800, a level last seen at the end of 2023. Other cryptocurrencies that suffered significant losses were XRP $2.29 XRP 1.19% Market capitalization $134.04 billion VOL. 24 hours $0.23 billion , Cardano ADA $0.71 Cardano 3.39% Market capitalization $25.53 billion VOL. 24 hours $89.9 million , Solana SOL $148.15 Binance-Peg SOL 1.83% Market capitalization $0.16 billion VOL. 24 hours $0.34 billion , and other cryptocurrencies from the top 100.

The market crash negatively affected traders who opened long positions with high leverage. Over the past 24 hours, more than 330,000 trades have been liquidated, and the total amount of losses has reached $ 950 million. Of these, liquidations on BTC amounted to $ 318 million, ETH — $ 250 million, and SOL — approximately $ 50 million.

The largest liquidation order was recorded on Bybit in the BTC/USDT trading pair. The trader lost $ 5.26 million due to the failed trade.

The crypto market is expected to remain volatile in the coming days. The price of bitcoin may be affected by potential peace talks in Ukraine, the publication of CPI data in the United States, and the next meeting of the Federal Reserve Board (FOMC).