Why Are Crypto Prices Down Today? 📉
Crypto prices took a nosedive today, causing a stir in the market. According to Coinmarketcap data, Bitcoin's value dropped to $102,836, marking a 1.86% decrease in early trading. Ethereum experienced an even steeper decline, falling 6.18% to $2,455.68. Dogecoin was similarly affected, sliding over 7% to $0.175.
In the derivatives market, this sharp decline led to the liquidation of more than $800 million in leveraged long positions within a matter of hours. The sudden drop in prices is raising questions and concerns about market movements.
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