Bitcoin prices plunged from $115,600 to $112,000, a 12-day low, before recovering slightly. The drop came after several days of stable trading around $115,000–$116,000, despite the Fed’s recent interest rate cut.
BTC’s sharp decline triggered massive liquidity of $1.7 billion in 24 hours. Although now back around $113,000, bitcoin is still down 2.6% at this point, with its market cap falling to $2.245 trillion, despite its dominance increasing to 56.4%.
Altcoins suffered even bigger losses. Ethereum fell more than 6% to below $4,200, while XRP fell more than 5% to $2.8. Most other altcoins such as Solana, Cardano, Chainlink, Avalanche, and TON fell between 5–8%, while DOGE recorded double-digit declines.
Overall, the crypto market lost $150 billion in value in a day, bringing the total market cap below $4 trillion. Market sentiment remains negative with concerns of a prolonged sell-off.
