The post Why is Crypto Market Down Today ? When Will it Recover? appeared first on Coinpedia Fintech News
Another Sunday selloff has hit the crypto market, with Bitcoin (BTC) nearing a retest of its 2025 low around $78,000. Bitcoin is down over 11% in the past week, erasing most of its previous gains. It is currently trading at $82,176, down over 4% in the past 24 hours.
The overall cryptocurrency market experienced a 7% decline, dropping to a valuation of $2.77 trillion. Solana and XRP both saw losses of 7%, while Ethereum fell by 8%, nearing the $2,000 mark. Cardano (ADA) and Dogecoin (DOGE) also were hit harder, falling nearly 7% and 9% respectively.
In the past 24 hours, the market downturn caused $616 million in liquidations, with long positions taking the biggest hit at $540 million. Bitcoin alone saw $231 million in losses.
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