Bitcoin, the largest cryptocurrency by market capitalization, declined nearly 6%, dropping below the $65,000 level for the first time in nearly ten days. The asset’s price drop ushered massive liquidation in derivatives markets.
Several altcoins and meme coins noted massive drawdowns in response to Bitcoin’s correction. The biggest declines were noted by Sei (SEI), Floki Inu (FLOKI),and Dogwifhat (WIF), nearly double-digit corrections.
Several altcoins and meme coins noted massive drawdowns in response to Bitcoin’s correction. The biggest declines were noted by Sei (SEI), Floki Inu (FLOKI),and Dogwifhat (WIF), nearly double-digit corrections.
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