Bitcoin experienced a steep decline resulting in 500 million USD in liquidations due to the short-term holders’ move to sell off 11,549 BTC, equating to 1.20 billion USD.
DOGE and ADA faced significant losses, with DOGE plunging nearly 10% to 0.22 USD and ADA falling 6.9% to 0.79 USD, highlighting their vulnerability in the market.
Altcoins are no longer serving as safe havens, closely following Bitcoin’s volatility, which leaves them exposed to further sell-offs amid growing macroeconomic uncertainties.
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