Add as a preferred source on GoogleCrypto Market Cap Falls 5.08% as Bitcoin Drops 1.98% Thursday
Bitcoin traded at $81,723 at 5:03 p.m. ET as 24-hour crypto liquidations reached $800.8 million, mostly from long positions.
Bitcoin (BTC) fell 1.98% to $81,723 by 5:03 p.m. ET (21:03 UTC) Thursday as total crypto market capitalization dropped 5.08% to $2.78 trillion, extending losses across major digital assets.
Trading volume reached $123.59 billion over the same 24-hour period. Bitcoin represented 59.1% of the market, while Ether (ETH) accounted for 10.9%.
Ether declined 3.91% to $2,472. XRP fell 3.06% to $1.38, and BNB dropped 4.75% to $734.06. Solana (SOL) lost 5.50% to $109.71, while Dogecoin (DOGE) declined 5.18% to $0.0842.
Among the top 39 cryptocurrencies, Ondo (ONDO) was the strongest performer, rising 3.18%. NEAR Protocol (NEAR) posted the largest decline, falling 15.35%.
Derivatives markets recorded $800.8 million in liquidations across Binance, Bybit and OKX. Long positions made up $717.2 million of the total, compared with $83.6 million from short positions.
The latest decline follows an earlier drop in crypto market capitalization, when Bitcoin and other major cryptocurrencies also moved lower.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.