Bitcoin falls to $68,888 after massive long liquidations hit market

Community Trust Score Verified 83 % Real Verified 24 votes Updated 33 minutes ago Bitcoin dropped below the $70,000 threshold, settling at $68,888 as the total crypto market capitalization shed over 5% in the past 24 hours. This decline was accompanied by a significant wave of forced selling, with total liquidations across the crypto sector reaching $856.01 million. As of 01:30 UTC, Bitcoin traded at $68,324, -3.9% over 24 hours, with $42.6 billion in 24-hour volume. The pressure was concentrated in long positions, which accounted for $771.7 million of the total liquidations.