The cryptocurrency market witnessed a sharp correction in the past 24 hours, with top tokens extending their decline. Bitcoin dropped over 5% to trade around $100,800, marking its lowest level in five months. Ethereum, Binance Coin (BNB), and Solana also saw steep losses, sliding 6–7% each.
BNB fell 6.86% to $935.95, while Ethereum traded at $3,415.98 and Solana at $157.78. The broader sell-off triggered massive liquidations, with over $300 million worth of long positions wiped out in the last hour alone, as per market data trackers.
Analysts attribute the sudden downturn to renewed risk-off sentiment and aggressive profit-booking after the recent crypto rally. With Bitcoin now testing key psychological support levels near $100,000, traders are bracing for heightened volatility in the days ahead.
Disclaimer: Cryptocurrency investments are subject to high market risk and volatility. The information provided above is for news and informational purposes only and does not constitute financial or investment advice.
