Degen

In the past 12 hours, Bitcoin has seen a significant decline, falling below $100,000. This price drop has also caused altcoins to suffer significant losses, including Chainlink, Solana, Avalanche, and Dogecoin.

Bitcoin, which was trading above $105,000 until Thursday, failed to reach new highs and instead fell to $102,000 on Friday and Saturday. In recent hours, the cryptocurrency has fallen to $99,000, its lowest level since Monday’s correction.

Currently, Bitcoin has managed to return to $100,000, but altcoins have suffered more losses, with some of them, such as Solana and Dogecoin, experiencing double-digit declines. The sharp fluctuations have led to the liquidation of more than $500 million in the past 24 hours, with $400 million of that occurring in the last 12 hours alone. Nearly 250,000 traders have been affected during this period.