The cryptocurrency market is confronting significant downside pressure, with bitcoin BTC
$96,098.66 slipping under the important $98,000 support zone as selling accelerated in a low-liquidity backdrop.
The decline triggered more than $1.1 billion in liquidations, nearly half of which came from bitcoin-linked positions, according to CoinGlass data.
Altcoins experienced even deeper setbacks. Ether ETH
$3,216.11 sank 9% over the past day, while several major tokens recorded double-digit losses. The CoinDesk 20 Index dropped 8%, and even the session’s relative outperformer, LTC
$101.71, still fell by 3%.
The rout in digital assets mirrored weakness in traditional markets, with Nasdaq futures (NQ) sliding 2.95% over the past 24 hours
