Ethereum

Cardano

Solana

Bitcoin

Bitcoin fell below $54,000 per coin, the lowest level since early August, and is down about 4% on the day.
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A brief rally in the markets quickly reversed, leading to volatile trading and widespread losses in major cryptocurrencies.
Bitcoin (BTC), the largest cryptocurrency by market cap, rose to as high as $57,000 earlier today in response to important economic data. However, the gains were short-lived as BTC quickly erased its rally and fell below $54,000. As of the latest trading data, Bitcoin has lost about 4% in the past 24 hours.
The sell-off went beyond Bitcoin, with major altcoins like Ethereum (ETH), Solana (SOL), Ripple (XRP), and Cardano (ADA) losing between 3% and 5% during the same period.
Related News: <a href="https://en.bitcoinsistemi.com/breaking-coinbase-adds-a-new-altcoin-to-its-roadmap-to-list-4/" target="_blank" rel="noopener noreferrer nofollow">BREAKING: Coinbase Adds a New Altcoin to Its Roadmap to List</a>
The sudden price swings triggered the liquidation of nearly $50 million in crypto derivatives markets in a single hour, according to CoinGlass data. The volatility caught leveraged traders, especially long holders who had invested in a sustained price rally, off guard.
The turmoil in crypto markets coincided with declines in major U.S. stock indexes. The Nasdaq Composite Index fell 1.9%, while the S&amp;P 500 fell 1.15% shortly after the opening bell, reflecting broader risk-off sentiment in financial markets.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/sudden-decline-in-bitcoin-below-54000-seen-what-causes-the-decline/" rel="noopener noreferrer nofollow">Sudden Decline in Bitcoin! Below $54,000 Seen: What Causes the Decline?</a>

Sudden Decline in Bitcoin! Below $54,000 Seen: What Causes the Decline?

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