$BTC $ETH
The crypto market just weathered a significant storm, leaving behind a trail of volatility and red numbers. Here's a quick recap of the damage:
#Bitcoin's swift descent brought it back to the $75,000 mark. Is this a consolidation or a prelude to further dips?
#Ethereum mirrored BTC's movement, retracting to approximately $2,200. Holders are definitely feeling the heat!
Altcoins weren't spared, experiencing sharp declines of 10-20% across the board. The ripple effect was widespread.
The overall crypto market cap shed over $230 billion in value – a stark reminder of market dynamics.
Over the past 24 hours, more than $2.5 billion in Long and Short positions were liquidated, with Longs accounting for over $2 billion of that staggering figure.
The drop below $76,000 for $BTC reportedly erased years of accumulated profits for MicroStrategy, pushing them into a slight loss position.
Tom Lee's Bitmine faced even greater headwinds, with $ETH's fall below $2,200 compelling the company to continue operations at a loss exceeding $6 billion.
What are your thoughts on this market shake-up? Share your insights and predictions in the comments below! 👇
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