The world's largest cryptocurrency, Bitcoin (BTC), has fallen below $100,000 for the first time since June 23, 2025.
At the time of writing, Bitcoin is trading below $100,000 and has lost 6.65% of its value in the last 24 hours. On a weekly basis, the decline has reached 12.87%, indicating a significant decrease in investors' risk appetite.
Bitcoin's market capitalization fell to $1.99 trillion, while 24-hour trading volume exceeded $90 billion. Additionally, $1.27 billion worth of positions were liquidated in futures markets over the last 24 hours. The majority of these liquidations were long positions.
The main reason for the decline is thought to be the Fed's announcement that it may not cut interest rates in December and the government shutdown in the US.
Impact on Other Major Cryptocurrencies
The general selling pressure in the market has also been reflected in other major cryptocurrencies:
- •Ethereum (ETH): $3,268, down 10.56%
- •XRP (XRP): $2.17, down 8.22%
- •BNB (BNB): $914, down 8.59%
- •Solana (SOL): $153, down 9.35%
- •Dogecoin (DOGE): $0.155, down 8.62%
- •Cardano (ADA): $0.51, down 9.14%
Liquidation Data
According to Coinglass data, positions worth $186 million were liquidated in the last hour, and a total of $1.27 billion in the last 24 hours. $1.09 billion of this consisted of long positions.