Crypto Market Plunges: Bitcoin Drops Below $96K, $191M in Liquidations

The crypto market began the week on a bearish note, with Bitcoin (BTC) retreating to the $95K level, dragging major altcoins lower. Ethereum (ETH), Solana (SOL), and XRP fell between 1% and 5%, while meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) also posted losses. The downturn coincided with $191 million in liquidations over the past 24 hours, highlighting heightened market volatility.

According to CoinMarketCap, the global crypto market cap fell over 1% to $3.15 trillion, reflecting a cautious sentiment among investors. Coinglass data showed that over $191 million in crypto positions were liquidated in the past day, contributing to increased price swings.

Bitcoin slipped to $95K, with the BTC price reaching $95,534.42 (-1%). The 24-hour range was $95,270.45 – $96,594.97, and liquidations totaled $25.08 million. Bitcoin's market dominance rose 0.31% to 60.31%.

Ethereum, Solana, and XRP also declined. Ethereum (ETH) fell 2% to $2,710, with a 24-hour range of $2,714.12 – $2,850.61 and liquidations of $46.06 million. XRP dropped 2.5% to $2.48, with a 24-hour range of $2.49 – $2.60 and liquidations of $7.54 million. Solana (SOL) fell 5.5% to $160.78, with a 24-hour range of $160.85 – $173.04 and liquidations of $15.83 million.

Meme coins followed the market downtrend. Dogecoin (DOGE) fell 5.5% to $0.2302, Shiba Inu (SHIB) dropped 4% to $0.00001491, and PEPE fell 4.5%