Crypto Market Suffers 2.5% Drop Following Bitcoin’s Record High

After reaching a new all-time high, the crypto market experienced a noticeable decline, dropping by 2.5%. This correction led to approximately $950 million in liquidations, with a significant portion, $813 million, originating from long positions. While Bitcoin’s price dipped slightly, Ethereum also saw notable declines. Despite this pullback, the Fear & Greed Index (FGI) remained relatively stable at 60, indicating continued investor confidence even amidst uncertainty.