Bitcoin’s value dropped below $63,000 amid reduced cryptocurrency volatility following a decrease in overall uncertainty around the Bitcoin halving event.
At 10:15 AM Moscow time, Bitcoin was trading against the Tether stablecoin (USDT) on the Binance cryptocurrency exchange at a price of $62,611, with a market capitalization of $1.2 trillion. Over the past day, the premier cryptocurrency has depreciated by 1.3%.
Ethereum, the second-largest cryptocurrency by market capitalization, also saw a price decline of 1.5% over the same period, trading at $3,068.
In the last 24 hours, the prices of major altcoins, including Cardano (ADA), Binance’s BNB, and Ripple’s XRP, fell between 1% and 3%. Solana (SOL) experienced the most significant drop, decreasing by 4.4%.
According to Coinglass, a service monitoring trader activity on major platforms, 58,700 trading positions were liquidated on cryptocurrency exchanges within a day, totaling $145 million. This indicates that traders utilizing leverage did not have sufficient funds to maintain their previously opened positions. Approximately $40 million of the total liquidations were in Bitcoin, and $28 million were in Ethereum.
Among the top 100 cryptocurrencies by market capitalization, Lido DAO Token (LDO) showed the strongest growth over the past day, increasing by 4%. Conversely, dogwifhat (WIF) experienced the sharpest decline, dropping by 9.8%.
