Bitcoin\u2019s weekend took a wrong turn in the past 12 hours or so as the asset plunged below $100,000 for the first time since the Monday crash.<\/p>\n
As expected, the altcoins have turned red as well, with substantial losses from the likes of LINK, SOL, AVAX, DOGE, and others.<\/p>\n Recall that the primary cryptocurrency had a strong end for the business week and, subsequently, the month<\/a>, as its price stood above $105,000 and even challenged $106,000 on a couple of occasions.<\/p>\n However, the bears stepped up and didn\u2019t allow a surge toward a new all-time high. Just the opposite, BTC slumped<\/a> on Friday evening and Saturday morning to $102,000.<\/p>\n It maintained that level for most of Saturday but started to lose traction again in the past several hours. As a result, it dropped to $99,000, which became its lowest levels since the Monday correction<\/a> that pushed it below $98,000.<\/p>\n As of now, the cryptocurrency stands about a grand higher and is striving to return within six-digit territory.<\/p>\n However, the altcoins have suffered a lot more, with SOL, DOGE, LINK, AVAX, LTC, and HYPE dumping by almost double-digits. Even more painful declines come from the likes of VIRTUAL (-19%), TAO (-15%), RAY (-13%), LDO (-13%), GALA (-13%), and TRUMP (-13%).<\/p>\n This enhanced volatility has led to more than $500 million in liquidations over the past day, and the number is north of $400 million within the last 12 hours alone. Nearly 250,000 traders have been wrecked on a 24-hour scale. The single-largest liquidation order took place on Binance. It was worth close to $12 million.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n![\"Cryptocurrency](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTCUSD-1.png\")
\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\n