Massive Liquidations Hit 210K Traders as Bitcoin, Altcoins Slump Again: Market Watch

Bitcoin’s impressive price recovery that began over the weekend has come to a halt as the asset slumped by over four grand after it was rejected at $116,000. The altcoins have produced even more painful declines within the same timeframe, which include double-digit corrections by the likes of BNB, MNT, ZEC, and ￰0￱ Slides to $112K The previous business week ended with one of the worst crashes in recent crypto history after US President Donald Trump threatened China with a new set of tariffs for certain ￰1￱ went from $122,000 ahead of the statement to $110,000 before a mass wave of liquidations hit it even harder, and it plunged to $101,000 on some exchanges, such as ￰2￱ this flushout , the cryptocurrency bounced off and surged past $110,000 over the ￰3￱ kept climbing on Sunday and Monday, touching $116,000.

Thus, it had regained $15,000 from the bottom in just a few days. However, the bears reemerged on Tuesday ￰4￱ was stopped at that resistance and pushed south by over four grand, slipping below $112,000 earlier ￰5￱ currently hovers around that level, as its market capitalization has dropped further to $2.235 trillion on ￰6￱ dominance over the altcoins has regained some traction since yesterday and is up to 57.5%. BTCUSD.