\n\t\t\t\t\t\t\t\t\tBTC slipped beneath $81,000 minutes ago.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
After a relatively calm and untypical Friday, in which BTC remains sideways around $83,000 and $84,000 while the precious metal market tanked, the cryptocurrency is dumping hard once again on Saturday.<\/p>\n
Recall that the asset\u2019s overall calamity began on Thursday when it was rejected at $90,000. In the following hours, it dropped<\/a> by nine grand to a then-two-month low of $81,000.<\/p>\n It recovered some ground yesterday when it rebounded to $84,000, which now appears as a dead-cat bounce. At the same time, silver and gold plunged<\/a> by 40% and 16%, respectively, erasing roughly $7 billion of their respective market caps within just a day.<\/p>\n However, the past few hours have brought more pain to the bulls, with BTC slipping to just under $81,000. This became its lowest price tag since November 21.<\/p>\n Most altcoins are also deep in the red now. Ethereum is down by 7% in the past 24 hours alone, slumping toward $2,500. BNB and XRP have plummeted by 5-6% daily as well.<\/p>\n It\u2019s no wonder that the total value of wrecked positions is on the rise, approaching $1 billion in the past 24 hours alone. Naturally, longs are responsible for the lion\u2019s share (over $850 million), while the number of liquidated traders has shot up to roughly 240,000, shows data from CoinGlass.<\/p>\n The single-largest wrecked position took place on Hyperliquid and was worth over $13 million. Interestingly, it involved ETH, which is among the poorest performers in the past day.<\/p>\nYou may also like:<\/h3>\n
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