Bitcoin fell $ 5,000 today. This pulled the entire market down and resulted in a liquidation of about $ 1.5 billion. The cryptocurrency market has wiped around $ 90 billion of its total value today.

 

 

The cryptocurrency market was waiting for a correction, according to many analysts, and it seems that one may have just happened.

 

Sharp drop in BTC

Bitcoin lost about $ 5,000 of its value in a few hours, and it also pulled the entire market down.

The data reveal that this resulted in a $ 1.5 billion liquidation in both long and short positions on major stock markets in the past 24 hours.

At the time of this writing, Bitcoin is trading at $ 53,700, down 7%.

Altcoins also suffered in general. Ethereum fell almost 8%. BNB fell 13%. Polkadot, on the other hand, has dropped by about 8.3% at the time of this writing.

Bitcoin fell $ 5,000 today. This pulled the entire market down and resulted in a liquidation of about $ 1.5 billion. The cryptocurrency market has wiped around $ 90 billion of its total value today.

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