Just a few hours ago, bitcoin\u2019s price was close to breaking above $96,000, but the bears took complete control of the market, and the asset dumped to its lowest level since November 26.<\/p>\n
The altcoins are in a state of freefall as well, with ETH beneath $3,100 and XRP under $2.4, while ADA, SUI, and many others have plummeted by double digits.<\/p>\n
<\/a>BTCUSD. Source: TradingView<\/p>\n The past week didn\u2019t go well for the primary cryptocurrency, despite its positive start when it jumped above $100,000 on Monday and beyond $102,000 on Tuesday. In the next 48 hours, though, BTC slumped<\/a> by more than ten grand and dropped to $91,250 (on Bitstamp) on Thursday.<\/p>\n The bulls finally managed to intervene at this point and didn\u2019t allow further declines. Just the opposite, bitcoin started to recover some ground and jumped toward $96,000 on a couple of occasions.<\/p>\n The last such attempt came earlier this morning, but it saw zero success. BTC was rejected almost immediately and pushed south to $93,000, as reported<\/a> earlier.<\/p>\n The landscape has worsened since then, with bitcoin dumping below $91,000 minutes ago for the first time since late November. In fact, the cryptocurrency went to $90,700, which became a nearly two-month low.<\/p>\n The altcoins have suffered badly as well. Ethereum is under $3,100 after a 6% daily correction. A similar price drop for XRP has taken it to under $2.4. More painful price drops are evident from the likes of ADA, SOL, SUI, AVAX, LINK, SHIB, XLM, ICP, AAVE, and many others.<\/p>\n This massive volatility and correction has liquidated over 200,000 traders in the past 24 hours. The total value of wrecked positions is up to nearly $500 million within the same timeframe. The largest single position took place on Binance and was worth north of $8 million.<\/p>\n <\/a>Liquidation Heat Map. Source: CoinGlass<\/p>\n The post BTC Plunges Below $91K for the First Time Since November, Leaves $500M in Liquidations<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Just a few hours ago, bitcoin\u2019s price was close to breaking above $96,000, but the bears took complete control of the market, and the asset dumped to its lowest level since November 26. The altcoins are in a state of freefall as well, with ETH beneath $3,100 and XRP under $2.4, while ADA, SUI, and […]<\/p>\n","protected":false},"author":0,"featured_media":35320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-35319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/35319"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35319"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/35319\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/35320"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>BTCUSD. Source: TradingView<\/p>\nThe past week didn\u2019t go well for the primary cryptocurrency, despite its positive start when it jumped above $100,000 on Monday and beyond $102,000 on Tuesday. In the next 48 hours, though, BTC slumped<\/a> by more than ten grand and dropped to $91,250 (on Bitstamp) on Thursday.<\/p>\nThe bulls finally managed to intervene at this point and didn\u2019t allow further declines. Just the opposite, bitcoin started to recover some ground and jumped toward $96,000 on a couple of occasions.<\/p>\nThe last such attempt came earlier this morning, but it saw zero success. BTC was rejected almost immediately and pushed south to $93,000, as reported<\/a> earlier.<\/p>\nThe landscape has worsened since then, with bitcoin dumping below $91,000 minutes ago for the first time since late November. In fact, the cryptocurrency went to $90,700, which became a nearly two-month low.<\/p>\nThe altcoins have suffered badly as well. Ethereum is under $3,100 after a 6% daily correction. A similar price drop for XRP has taken it to under $2.4. More painful price drops are evident from the likes of ADA, SOL, SUI, AVAX, LINK, SHIB, XLM, ICP, AAVE, and many others.<\/p>\nThis massive volatility and correction has liquidated over 200,000 traders in the past 24 hours. The total value of wrecked positions is up to nearly $500 million within the same timeframe. The largest single position took place on Binance and was worth north of $8 million.<\/p>\n<\/a>Liquidation Heat Map. Source: CoinGlass<\/p>\nThe post BTC Plunges Below $91K for the First Time Since November, Leaves $500M in Liquidations<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Just a few hours ago, bitcoin\u2019s price was close to breaking above $96,000, but the bears took complete control of the market, and the asset dumped to its lowest level since November 26. The altcoins are in a state of freefall as well, with ETH beneath $3,100 and XRP under $2.4, while ADA, SUI, and […]<\/p>\n","protected":false},"author":0,"featured_media":35320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-35319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/35319"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35319"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/35319\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/35320"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/BTCUSD-16.png\"){kind=link}
![<\/a>Liquidation Heat Map. Source: CoinGlass<\/p>\nThe post BTC Plunges Below $91K for the First Time Since November, Leaves $500M in Liquidations<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Just a few hours ago, bitcoin\u2019s price was close to breaking above $96,000, but the bears took complete control of the market, and the asset dumped to its lowest level since November 26. The altcoins are in a state of freefall as well, with ETH beneath $3,100 and XRP under $2.4, while ADA, SUI, and […]<\/p>\n","protected":false},"author":0,"featured_media":35320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-35319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/35319"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35319"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/35319\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/35320"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Screenshot-2025-01-13-135111.png\"){kind=link}