01.08.2025 22:34

A significant cryptocurrency market downturn occurred on Thursday, as Bitcoin experienced a sharp decline. Initially plummeting to a low of $113,547, the cryptocurrency briefly dipped below the $114,000 mark before staging a partial recovery. This volatility left many traders in a state of shock and contributed to a substantial wave of liquidations.


The dramatic fall, representing a 3.2% drop, sent ripples throughout the market. Bitcoin's price, after hitting its daily low, rebounded slightly to around $113,820 during the afternoon trading session. This price fluctuation resulted in a considerable decrease in Bitcoin's total market capitalization, pushing it down to approximately $2.26 trillion.


This price action triggered over $863 million in liquidations across various cryptocurrencies, with long positions in both Bitcoin and Ethereum bearing the brunt of the losses. The sudden and substantial market correction highlighted the inherent risks associated with cryptocurrency investments. The event serves as a reminder of the highly volatile nature of the digital asset market and its susceptibility to rapid price swings. Sources from internet resources reported on this significant market event.