403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Bitcoin Falls Over 5.2 Percent Amid Large Liquidation Concerns
(MENAFN) Bitcoin experienced a sharp decline exceeding 5.2% during Monday's trading session, perpetuating a sustained selloff driven by mounting liquidation fears across cryptocurrency markets.
As of 0710GMT on Monday, the leading digital asset changed hands at $86,100, marking its continuation below the psychologically significant $90,000 threshold—a level it breached last month for the first time since April.
Data from CoinMarketCap reveals the aggregate valuation of worldwide cryptocurrency markets, Bitcoin included, contracted 5% during the preceding 24-hour period, settling at $2.93 trillion.
Bitcoin's market capitalization contracted 5.3% across the last day to reach $1.71 trillion, even as trading activity exploded—daily volume skyrocketed 65% to $60.4 billion, signaling heightened market volatility.
The premier cryptocurrency's weekly hemorrhaging has now reached 22% as of Monday's close. Bitcoin previously tumbled to $74,400 in April 2025 when tariff announcements from former US President Donald Trump rattled worldwide financial systems.
The digital currency has now eliminated all gains accumulated year-to-date, posting a 7.8% decline for the current year.
Ethereum, holding the second-largest market capitalization among cryptocurrencies, shed 5.8% to settle at $2,825.
The downturn materialized on the heels of Bitcoin's severe monthly decline that concluded in November. Selling pressure has maintained momentum despite strengthened optimism surrounding US monetary policy direction, which had previously bolstered risk-oriented assets during late November.
Market anticipation for a Federal Reserve rate reduction in December has intensified considerably throughout the past week, fueled by weaker US GDP readings and indications that inflationary pressures are moderating.
Compounding macroeconomic ambiguity, US President Donald Trump disclosed over the weekend that he already knows who he will choose as the next Federal Reserve chair, but he has not publicly revealed a name. This statement ignited widespread speculation regarding potential candidates, notably former White House economic adviser Kevin Hassett, whose monetary policy stance is perceived as dovish.
Furthermore, successive waves of forced liquidations throughout recent weeks have accelerated the cryptocurrency market's deterioration.
As of 0710GMT on Monday, the leading digital asset changed hands at $86,100, marking its continuation below the psychologically significant $90,000 threshold—a level it breached last month for the first time since April.
Data from CoinMarketCap reveals the aggregate valuation of worldwide cryptocurrency markets, Bitcoin included, contracted 5% during the preceding 24-hour period, settling at $2.93 trillion.
Bitcoin's market capitalization contracted 5.3% across the last day to reach $1.71 trillion, even as trading activity exploded—daily volume skyrocketed 65% to $60.4 billion, signaling heightened market volatility.
The premier cryptocurrency's weekly hemorrhaging has now reached 22% as of Monday's close. Bitcoin previously tumbled to $74,400 in April 2025 when tariff announcements from former US President Donald Trump rattled worldwide financial systems.
The digital currency has now eliminated all gains accumulated year-to-date, posting a 7.8% decline for the current year.
Ethereum, holding the second-largest market capitalization among cryptocurrencies, shed 5.8% to settle at $2,825.
The downturn materialized on the heels of Bitcoin's severe monthly decline that concluded in November. Selling pressure has maintained momentum despite strengthened optimism surrounding US monetary policy direction, which had previously bolstered risk-oriented assets during late November.
Market anticipation for a Federal Reserve rate reduction in December has intensified considerably throughout the past week, fueled by weaker US GDP readings and indications that inflationary pressures are moderating.
Compounding macroeconomic ambiguity, US President Donald Trump disclosed over the weekend that he already knows who he will choose as the next Federal Reserve chair, but he has not publicly revealed a name. This statement ignited widespread speculation regarding potential candidates, notably former White House economic adviser Kevin Hassett, whose monetary policy stance is perceived as dovish.
Furthermore, successive waves of forced liquidations throughout recent weeks have accelerated the cryptocurrency market's deterioration.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment