Bitcoin Price Hits $100,000 – Here’s the Latest Situation and Data on the Major Drop
The price of Bitcoin (BTC) is nearing the $100,000 mark for the first time since June 2025, currently trading at $101,247 after a 5.24% drop in the last 24 hours. Bitcoin's market capitalization has declined to $2.01 trillion with its 24-hour trading volume exceeding $84.77 billion. The overall cryptocurrency market cap fell by 4.52% to $3.39 trillion, with significant losses across major cryptocurrencies such as Ethereum, XRP, BNB, Solana, and Dogecoin. Additionally, $1.02 billion worth of futures positions were liquidated, with $838 million from long positions and $184 million from short positions in the past 24 hours.
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Bitcoin Price Drops Below Key Level
The Bitcoin (BTC) price is close to falling below the $100,000 level for the first time since June 23, 2025. The world's largest cryptocurrency is trading at $101,247 at the time of writing, down approximately 5.24% in the last 24 hours.
Impact on Bitcoin Market Capitalization
With the decline, Bitcoin's market capitalization has fallen to $2.01 trillion, while its 24-hour trading volume has surpassed $84.77 billion. A daily chart reflects the ongoing slump in the BTC price.
Overall Cryptocurrency Market Trends
The overall cryptocurrency market capitalization decreased by 4.52%, bringing it to $3.39 trillion. The rest of the market is also under heavy selling pressure:
- Ethereum (ETH): 6.88% down to $3,382
- XRP: $2.21, down 6.61%
- BNB: $920, down 7.87%
- Solana (SOL): $155, down 7.95%
- Dogecoin (DOGE): Trading at $0.158, down 6.61%
Futures Market Liquidation
With the market decline, $1.02 billion worth of futures positions were liquidated in the last 24 hours. Out of this, $838 million came from long positions and $184 million from short positions. Notably, even in the last hour, $246 million worth of positions were liquidated.
Disclaimer
This is not investment advice.