Bitcoin
Bitcoin drops by $2,000 in 60 minutes
Ether drops below $3,000 as leveraged liquidations approach $150 million.
Crypto markets fell sharply on Friday, retracing gains from yesterday’s rate cut rally driven by optimism.
Bitcoin fell 3% in the space of an hour, while Ether fell below $3,000. Solana’s SOL fell 4% to $147.
Among the top 100 cryptocurrencies by market capitalization, the biggest losers are liquid staking leader Lido (LDO) and decentralized AI project Bittensor (TAO). Both are down around 7% in the last 24 hours.
Meanwhile, Akash Network (AKT) and Telegram-affiliated TON are the best performers, up 13% and 8%, respectively.
The sell-off appears to be isolated from crypto for now as major stock markets and the US dollar are trading flat on the day.
Nearly $150 million worth of leveraged positions were liquidated in the last 24 hours, with just over half of that amount in the last four hours, according to CurrencyGlass.