Crypto Market Plummets: Top 10 Coins Face Heavy Losses Amidst $900M Liquidations

The cryptocurrency market experienced a dramatic downturn today, with all major cryptocurrencies within the top ten facing substantial losses over both daily and weekly timeframes. This sell-off was intensified by high-leverage traders being forced to liquidate positions, resulting in nearly $900 million in liquidations over the past 24 hours, according to market data. Bitcoin (BTC), continues to drive down the broader market as it trades at $91,470 – a 3% daily decline and a 13.64% drop for the week. Bitcoin’s struggles to break through the $95,000-$97,000 barrier have contributed to bearish sentiment, while futures markets remain thin and reactive.