Crypto Market Selloff Drives $798 Million in 24-Hour Liquidations

Crypto market liquidations reached $798.57 million over 24 hours as global cryptocurrency capitalization fell below $3 trillion, highlighting the scale of losses across leveraged trading positions.

Total crypto market value stood at $2.87 trillion, down 1.37% over the same period. Bitcoin (BTC) traded at $84,242.31, while Ether (ETH) changed hands at $2,618.64. XRP traded at $1.47, Solana (SOL) at $118.78 and Dogecoin (DOGE) at $0.09067.

Market sentiment remained in the greed range, with the Crypto Fear & Greed reading at 63. That was below the previous-session reading of 73, indicating a less optimistic backdrop as prices weakened.

Liquidations occur when exchanges forcibly close leveraged positions after traders’ collateral no longer covers their losses. The 24-hour total is measured on a rolling basis and can change as the window updates.