Cryptocurrency, Ethereum Fall to Lowest Costs in Weeks as Foreclosures Leading$ 600 Million

With liquidations of more than$ 600 million in the last 24 hours, major assets like Bitcoin and Ethereum are only experiencing the worst market pain this week, which is only getting worse on Wednesday.

Bitcoin dipped as low as$ 83, 724 and remains under the$ 84, 000 mark as of this writing, down more than 3 % on the day and 12 % over the past week.

The price of Bitcoin hasn’t been that small since first November, just weeks after President Trump’s election win, as the best bitcoin was rising to new heights. At its current price, Bitcoin is now down 23 % from its peak value above$ 108, 000 set just over a month ago.

But Ethereum has been hit harder, falling more than 4 % on the day and dipping to$ 2, 275—the lowest price for the second-largest crypto asset since last September. Ethereum remains down 53 % from its own all-time high price of$ 4, 878 set back in 2021.

Broadly, the crypto market is down about 4 % over the last day, falling again after a brutal start to the week fueled by inflation fears, concerns over Trump’s expanding tariffs, cooling momentum around meme coin trading, and last week’s$ 1.4 billion hack of crypto exchange Bybit.

” Confusion on taxes, uncertainty regarding frequency view, and pending Nvidia profits after shut are driving stress and risk-off sentiment”, Strahinja Savic, head of data and analytics at FRNT Financial, a crypto-focused financial companies and consulting company, told . The volatility we see in BTC today may also reflect the extent to which Nvidia has fueled the broader market over the past few months, according to the article.

” Having said that, these types of deep corrections are a standard part of BTC bull markets”, he added. ” We had a major retracement in August, for example, and then went on to break above$ 100, 000 in November. The key level to watch now is the 200-day moving average,$ 81, 700, and whether the token will break below this”.

More than$ 613 million worth of futures bets have been liquidated over the last 24 hours, per data from CoinGlass, with Bitcoin leading the charge at$ 335 million worth. Ethereum is second with$ 115 million worth of liquidations.