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Bitcoin Price- Crypto positions worth about $2 billion have been wiped out in the last 24 hours, causing losses to more than 4 lakh traders. If reports are to be believed, open interest is being seen less in Bitcoin futures.
New Delhi. A sharp decline has been recorded in the price of Bitcoin, the benchmark digital asset of the global cryptocurrency market. Amid continuous selling in the spot market, Bitcoin has fallen below the $1 lakh mark. This decline in Bitcoin prices is being seen due to large-scale selling in risk assets. Growing concerns about high valuations have affected investor sentiment.
Today Bitcoin prices were trading 3.7 percent lower at $101,822 after touching an intra-day low of $99,010.06, its lowest level since mid-June. Bitcoin prices have fallen more than 20 percent from their record high of $1,26,186 in early October this year. With which Bitcoin has now entered the bear market territory.
Ethereum fell 6.76 percent
The price of Ethereum has also fallen by 6.76 percent to $3,331.65. After falling by 3.16 percent, the price of Solana was recorded at $157.66 and the price of XRP fell by 3.16 percent at $2.24. Apart from this, the price of Dogecoin has also fallen by 1.47 percent to $0.165.
According to data from analytics firm Coinglass, more than $1.27 billion of leveraged crypto positions have been liquidated earlier this week. Most of the liquidations have been recorded in long-positions due to huge losses suffered by investors betting on continued rise in prices.
