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In summary
- Bitcoin fell 7% to $97,020 after reaching new all-time highs this week.
- Ethereum and Solana recorded drops of 12%, while Dogecoin declined 20%.
- The Cryptocurrency market suffers a general decline, with liquidations reaching $1.17 billion, led by Bitcoin with $241 million.
Cryptocurrency prices fall again on Thursday, with Bitcoin and other major coins losing a portion of their recent gains as the market continues a correction that began Wednesday following another all-time Bitcoin price high.
Bitcoin fell to a current price of $97,020, just two days after reaching that new peak above $108,000. The top cryptocurrency is now down 7% on the day, but other large-cap coins are seeing bigger losses on the day.
Ethereum has fallen almost 12% on the day, with a current price of $3,422, while XRP has almost matched its drop with a decline of 11%, trading at $2.22.
Meanwhile, leading meme cryptocurrency Dogecoin has fallen almost 20% on the day, with the current price around $0.31. And Solana 12% losing the $200 level.
It is a massacre throughout the market, which has fallen by more than 9% according to data from CoinGecko. Around $1.17 billion in long and short positions have been liquidated in the past day as a result, according to data from CoinGlass. Bitcoin leads the charge with $241 million in liquidations.
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