Bitcoin's drop below $98,000 caused a 2.3% decline in the global crypto market cap, heavily impacting small-cap altcoins. Total liquidations rose by 35% to $494.5 million, with small-cap altcoins accounting for over $100 million. Major exchanges like Binance, OKX, and Bybit led in liquidations. Despite this downturn, optimism remains for a Bitcoin recovery that could uplift altcoins.

Bitcoin's drop below $98,000 caused a 2.3% decline in the global crypto market cap, heavily impacting small-cap altcoins. Total liquidations rose by 35% to $494.5 million, with small-cap altcoins accounting for over $100 million. Major exchanges like Binance, OKX, and Bybit led in liquidations. Despite this downturn, optimism remains for a Bitcoin recovery that could uplift altcoins.

https://crypto.news/small-cap-altcoin-liquidations-dominate-market-cap-falls-2-3/