#binance #hype #zec #near
04/02/26 02:48 UTC-04

Bitcoin Price Today: Drop to $76K After 15-Month Low

Cryptocurrency Cryptocurrency
Cryptocurrency Bitcoin Price Today: Drop to $76K After 15-Month Low

Bitcoin traded slightly above its 15-month low on Wednesday after a sharp sell-off pushed the world’s largest cryptocurrency down to levels near $73,000 amid a wave of liquidations and broader risk aversion.

The world’s largest cryptocurrency was last trading 2.8% lower at $76,509.1 as of 06:56GMT, after reaching a low of $73,004.3 — levels not seen since November 2024.

Including the weekend decline, Bitcoin has fallen nearly 12% over the past week, following a 10% drop the week before.

The decline marked the lowest level since Donald Trump’s election victory in the United States, erasing gains that had been fueled by optimism over potential easing of regulations for the crypto sector.

Bitcoin Hits 15-Month Low Amid Massive Liquidations

The drop was accompanied by large-scale liquidations of leveraged long positions. Data from crypto analytics firm CoinGlass showed that nearly $740 million in bullish bets were liquidated over the past 24 hours as falling prices triggered margin calls and forced traders to close positions.

Bitcoin’s weakness marks a sharp reversal from the rally seen at the end of last year, when the token surged following Donald Trump’s election victory.

At the time, investors poured into cryptocurrencies expecting that the new U.S. administration might adopt a more favorable regulatory stance toward digital assets. Bitcoin also benefited from Federal Reserve interest rate cuts that began in December 2024, increasing appetite for riskier assets.

Gold and other traditional safe-haven assets recovered on Wednesday amid rising geopolitical tensions between the United States and Iran.

Crypto markets are also facing uncertainty around U.S. monetary policy after Trump nominated former Federal Reserve official Kevin Warsh as the next Fed Chair.

Warsh is widely viewed as a hawk, raising concerns about liquidity.

Crypto Prices Today: Altcoins Fall, Cardano Loses 6%

Most altcoins remained weak on Thursday, showing much larger losses than Bitcoin.

The world’s second-largest cryptocurrency, Ethereum, fell 2.3% to $2,268.92.

The third-largest cryptocurrency, XRP, declined 1.1% to $1.59.

Solana dropped 6%, while Cardano edged lower and Polygon fell 3.5%.

Among meme tokens, Dogecoin slipped 0.2%.

See also: "Bitcoin’s Collapse Wiped Nearly Half a Trillion Dollars from the Crypto Market"

#Bitcoin (BTC) #Price drop

Editor: Yuliya Soroka
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