Bitcoin plummets to $112, liquidating 210 traders
- Bitcoin Falls to $112 on High Liquidation
- Altcoins suffer double-digit market losses
- Liquidations total US$630 million in one day
After a remarkable recovery over the weekend, Bitcoin returned to sharp instability after being rejected at the $116 resistance level, triggering a new sharp decline in the cryptocurrency market. The leading cryptocurrency fell by more than $4, trading below $112 on Tuesday, with its market capitalization falling to around $2,235 trillion, according to data from CoinGlass.
Selling pressure surfaced shortly after BTC hit its recent peak, interrupting what appeared to be a steady recovery from $101 — the low after the last drop, which was fueled by statements from current US President Donald Trump about trade tariffs against China.
Even with the pullback, Bitcoin's dominance over altcoins rose slightly, reaching 57,5%, reflecting the currency's relative strength against other cryptocurrencies at the moment.
Meanwhile, altcoins suffered even more severe losses. BNB, which had hit a new all-time high on Monday, fell more than 11% and is close to breaking the $1.200 support. MNT and ZEC also featured among the largest daily losses, with corrections exceeding 10%.
Ethereum fell 4% to $4.000. XRP, meanwhile, fell 6% to below $2,50. Dogecoin, meanwhile, suffered a 5,25% drop, now trading at $0,20. Other altcoins such as ADA, HYPE, and XLM have also accumulated significant losses during this period.
This volatility resulted in a large volume of leveraged position liquidations. More than 210 traders were affected in the last 24 hours, with a total liquidation value of approximately US$630 million, highlighting the risk of highly leveraged trading during times of strong market fluctuations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Exchanges Call on SEC: Deny Exemptions to Maintain Fairness in the Market
- WFE warns SEC against broad crypto exemptions for tokenized stocks, citing risks to investor protections and market integrity. - Tokenized stocks lack dividend rights, voting access, and custody frameworks, creating "mimicked products" with weaker safeguards. - SEC's sandbox-style exemptions risk regulatory arbitrage, allowing crypto platforms to bypass rules enforced on traditional exchanges. - Global bodies like IOSCO warn tokenization amplifies data integrity and custody risks, urging unified standard
Decentralized AI Network Cocoon Takes on Centralized Titans with a Privacy-Centric Approach
- Telegram founder Pavel Durov launched Cocoon, a TON-based decentralized AI network enabling GPU owners to earn cryptocurrency by processing private AI requests. - The platform challenges centralized providers like Amazon and Microsoft by using Trusted Execution Environments (TEEs) to ensure secure, verifiable model execution with user data privacy. - Cocoon connects GPU providers with developers for confidential tasks, reducing reliance on costly intermediaries while aligning with ethical AI principles t
Ethereum News Update: Fusaka Upgrade Signals New Era of Unified Scaling for Ethereum
- Ethereum's Fusaka upgrade (Dec 3, 2025) introduces PeerDAS and BPO forks to enhance scalability via reduced data verification costs and incremental rollup capacity expansion. - Gas limit raised to 60M through "Pump The Gas" initiative lowers fees and congestion, while L2 data costs could drop 40-60% to boost developer adoption. - EIP-7917/7951 improves security and UX with deterministic finality and P-256 signatures, aligning Ethereum with fintech standards while reducing node storage demands. - Upgrade
UAE's regulatory initiatives set the stage for a surge in institutional DeFi adoption
- DWF Labs commits $75M to DeFi projects enhancing institutional-grade infrastructure across Ethereum , BNB Chain, and Solana . - UAE's new Central Bank Law mandates licensing for DeFi protocols, balancing innovation with regulatory oversight and consumer protection. - Doma Protocol and ORA introduce liquid domain trading and cash-flow-driven models, expanding DeFi's functional scope beyond speculative tokenomics. - Institutional adoption faces hurdles including regulatory uncertainty, smart contract risks
Trending news
MoreCrypto prices
More
