Bitcoin lost $ 2000 within an hour

Last night, the price of bitcoin BTC $97,190.02 Bitcoin -0.45% Market capitalization $1.92 trillion VOL. 24 hours $6.13 billion tried to overcome the important mark of $ 70,000, but the rate of the main cryptocurrency plummeted by more than $ 2,000 within an hour. Along with bitcoin, altcoins began to decline, resulting in a loss of $ 80 billion in total cryptocurrency market capitalization. The total value of liquidated positions rose to about $ 170 million per day.

During the day, the asset even tried to overcome psychological resistance at $ 70,000. However, bears quickly intervened and did not allow it to gain a foothold at this level. On the contrary, BTC almost immediately began to lose value and fell by more than two thousand dollars within an hour. This brought the price down to $ 67,500, the lowest level since June 3. Bitcoin’s market capitalization also dropped to $ 1.34 trillion, according to CoinGecko.

The situation with altcoins was even worse. Ethereum ETH $3,462.59 Bridged Ether (StarkGate) 1.46% Market capitalization $0.31 billion VOL. 24 hours $4.46 billion lost 3.5% per day and fell to $ 3,560. Similar declines were observed in SOL $191.93 Solana -1.37% Market capitalization $91.98 billion VOL. 24 hours $1.8 billion , DOGE $0.12 Department Of Government Efficiency -0.72% Market capitalization $0.12 billion VOL. 24 hours $2.08 billion , TON $1.68 Tokamak Network 3.67% Market capitalization $84.83 million VOL. 24 hours $0.1 billion , SHIB $0.00002222 Shiba Inu 1.97% Market capitalization $13.09 billion VOL. 24 hours $0.24 billion , and LINK $23.26 Chainlink 1.62% Market capitalization $14.68 billion VOL. 24 hours $0.3 billion . Binance Coin, which was last week’s top performer, has fallen by over 7% in the last 24 hours, dropping to below $ 620.

The total value of liquidated positions over the last 12 hours amounted to $ 120 million, and $ 170 million over the day. More than 75,000 traders suffered losses. The largest liquidated position was related to ETH, worth more than $ 6.5 million, and took place on the Binance crypto exchange.