Bitcoin and Altcoin Price Decline

Although the leading cryptocurrency Bitcoin rose to $83,000 during the day, this rise was short-lived, and BTC price fell below $80,000.

The decline in BTC also affected altcoins, with:
– Ethereum (ETH) down 3.6%
– XRP down 4.7%
– Solana (SOL) down 8.6% in the last 24 hours.

The declines in the last 24 hours continue, with only Mantle (MNT), Ethena (ENA), and XDC remaining in the green.

While there is no specific reason or news flow behind the decline in Bitcoin and altcoins, it appears that the extreme fear and economic uncertainty dominating the market have increased selling pressure and lowered prices.

Additionally, the downtrend continues in the US stock markets. It is evaluated that the decline is related to the pullback in these markets.

According to Coinglass data, leveraged positions worth $674.2 million were liquidated in the last 24 hours, with:
– $508 million of long positions
– $165.5 million of short positions.

This is not investment advice.