Bitcoin has failed to reach $ 100,000

The cryptocurrency market has experienced a sharp decline, with the industry losing more than $ 700 million. This affected the main tokens and the total capitalization. Bitcoin BTC $64,572.65 Mezo Wrapped BTC -0.35% Market capitalization $76.72 million VOL. 24 hours $0.7 billion fell by 5.75% to trade at $ 98,980. The market capitalization of the leading cryptocurrency fell to $ 1.977 trillion, and the daily trading volume amounted to $ 40.6 billion.

Ethereum ETH $1,970.95 Bridged Ether (StarkGate) -0.39% Market capitalization $35.07 million VOL. 24 hours $0.37 billion also suffered losses, down 6.9% to $ 3,115. Its capitalization dropped to $ 375.3 billion. The analysis based on TradingView data shows a «neutral» trend, although the indicators are leaning toward «selling,» which indicates the lack of a clear market direction.

Among the altcoins, Solana SOL $73.03 Binance-Peg SOL -2.03% Market capitalization $80.32 million VOL. 24 hours $95.51 million suffered the most, losing 11.4% and trading at $ 229.13. Its market capitalization fell to $ 111.4 billion, and its daily trading volume reached $ 6.1 billion. In general, the cryptocurrency market fell by 5.7%, reducing the total capitalization to $ 3.41 trillion.

Traders also suffered serious losses, as positions worth $ 630.32 million were liquidated, of which $ 584.83 million were long positions. This indicates high risks and market volatility during this period.