Solana

Bitcoin

Million

Bitcoin, which came very close to $ 100,000 on Friday, experienced a correction over the weekend. During this correction, BTC, which fell to $ 95,000 levels, started the new week with an increase. 
Although Bitcoin has risen above $98,000 at this point, the sharp decline in BTC over the weekend triggered a broader decline in the market. 
While many altcoins suffered significant losses during this decline, around $500 million worth of liquidation occurred in leveraged transactions. 
XRP and Dogecoin (DOGE) led the losses among major altcoins, while Solana (SOL), Ethereum (ETH), Cardano (ADA), and BNB fell between 2%-5% before recovering earlier today. 
However, the cryptocurrency market recovered in the early morning hours, and the last 24-hour losses in XRP, ADA, ETH, and SOL fell below 2%. 
<h2 id="500-million-vanished">$500 Million Vanished!</h2> 
Although losses in Bitcoin and altcoins have decreased, they have caused leveraged positions to be liquidated. According to Coinglass data, $490 million worth of leveraged transactions were liquidated in the last 24 hours. $359 million of these were long positions and $130 million were short positions. 
In the last 24 hours, 186,281 investors liquidated, with the largest single liquidation order occurring on Binance in the BTC/USDT trading pair. The value of the transaction was $13.24 million. 
<h2 id="despite-bitcoin-s-pullback-100-is-on-the-table-for-this-week">Despite Bitcoin's Pullback, $100 Is On The Table For This Week!</h2> 
Although this pullback in Bitcoin caused a short-term panic, Jeff Mei, COO of crypto exchange BTSE, speaking to Coindesk, stated that despite the pullback, institutional demand was still high and predicted that Bitcoin would reach $100,000 this week. 
<blockquote> 
 “Bitcoin is clearly leading the market. This is a significant indicator that most of the demand is being driven by institutions buying ETFs. 
 It is very possible to reach the $100,000 level next week. 
 We also believe that institutions will soon start investing in spot Ethereum ETFs and hopefully Solana ETFs once they are approved. 
 As the stock market makes steady gains and Trump’s transition team meets with crypto executives to discuss pro-crypto policies. 
 This gives hope that the rise will continue in 2025.” 
</blockquote> 
Bitcoin continues to trade at $98,200 at the time of writing. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/500-million-vanished-in-bitcoin-and-altcoins-after-the-weekend-correction-what-to-expect-from-btc-next/">$500 Million Vanished in Bitcoin and Altcoins After the Weekend Correction! What to Expect from BTC Next?</a>

$500 Million Vanished in Bitcoin and Altcoins After the Weekend Correction! What to Expect from BTC Next?

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