Bitcoin (BTC) plunged below $112,000 as the cryptocurrency market was hit by the largest liquidation wave since December 2024. As a result, $1.7 billion in leveraged positions were wiped out, as 390,029 traders were liquidated. Other cryptocurrencies, including Ethereum (ETH) and Ripple (XRP), were also hammered, recording substantial drops.
Bitcoin (BTC) saw minimal movement over the weekend as it held above the $115,000 mark. The flagship cryptocurrency reached $117,890 last week as buyers attempted to cross the $118,000 mark. However, it fell short of this level and fell to a low of $115,179 on Saturday.
Bitcoin (BTC) experienced a sharp decline on Friday after failing to surpass the resistance level around the $118,000 mark. The decline suggests bears are unlikely to give up their positions easily.
Bitcoin (BTC) fell below $116,000 as the 0.25 bps rate cut announced by the Federal Reserve failed to push cryptocurrency prices higher. The flagship cryptocurrency is down nearly 1% during the ongoing session, trading around $116,331.
Bitcoin (BTC) had a muted response to the Federal Reserve’s announcement of a 25-basis point interest rate cut as it fell to an intraday low of $114,724. However, the flagship cryptocurrency has rebounded to reclaim the $117,000 mark and is currently trading around $117,500.
Bitcoin (BTC) is holding on to the $115,000 price level despite volatility and a slight correction as the crucial Federal Open Market Committee (FOMC) meeting gets underway.
Bitcoin (BTC) lost momentum after reaching an intraday high of $116,802 during the ongoing session, with the price down 0.35% and trading around $114,800.
Bitcoin (BTC) Briefly crossed the $116,000 mark over the weekend, managing to hold above $115,000. Sentiment around the flagship cryptocurrency has turned positive in recent sessions, with expectations of a rate cut by the Federal Reserve growing.
Bitcoin (BTC) is consolidating above the $116,000 level as treasury firms turn their attention towards altcoins. Bitcoin treasury companies have seen a sharp decline in share prices as the initial euphoria subsides.
Bitcoin (BTC) registered a modest recovery over Wednesday and Thursday to cross the $115,000 level and settle at $115,540. However, it faces major overhead resistance above $116,000 but holds several key support levels below.
