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Crypto Markets Tumble as $400M in Long Positions Liquidated

Crypto Markets Tumble as $400M in Long Positions Liquidated

Author:

Global Cryptocurrency

Published:

2025-12-01 03:13:02

15

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BTCCSquare news:

The cryptocurrency market cap plunged below $3 trillion amid a broad selloff, with Bitcoin leading losses at a 4% decline to $86,744. Ethereum followed with a 5% weekly drop to $2,841, while XRP slid 6% to $2.06.

Liquidation cascades erased nearly $400 million in Leveraged longs within one hour—a move exacerbated by thin weekend liquidity. No single catalyst emerged for the sudden downturn, highlighting market fragility.

Altcoins mirrored the retreat: BNB fell 4.4% to $835, Solana dropped 6% to $127, and Dogecoin shed 7% to $0.1385. Cardano (ADA) completed the rout with a 6% decline to $0.3899.

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