Degen

Bitcoin fell sharply to around $94,000 after breaking through the $100,000 mark. Altcoins also suffered a sharp decline. Despite significant Bitcoin purchases by Microstrategy, the cryptocurrency fell by around $6,000. The sharp fluctuations led to the liquidation of trading positions by more than 500,000 traders, with the total value of the liquidated positions reaching $1.7 billion. Bitcoin’s market capitalization fell to $1.93 trillion, but its dominance increased to 53%. Some altcoins, such as Dog Wife Hat (WIF), BRETT (BRETT), and Worldcoin (WLD), suffered a decline of more than 13%. The total cryptocurrency market capitalization fell from $3.9 trillion to below $3.6 trillion, representing a loss of $300 billion.