Cryptocurrency

Long

Millions

Million

The cryptocurrency market has witnessed significant losses in the last 24 hours, with major coins falling as much as 10% amid renewed selling pressure. 
<h2 id="crypto-market-sees-liquidation-of-400-million">Crypto Market Sees Liquidation of $400 Million</h2> 
The decline, driven by the strengthening dollar, resulted in the liquidation of bullish positions worth over $400 million. 
<blockquote> 
 Flagship cryptocurrency Bitcoin (BTC) fell 5%, paring last week's gains. Similarly, other leading altcoins such as Ethereum (ETH), ADA, and BNB experienced similar losses. 
</blockquote> 
SOL is down 7% to trade at $181 after briefly reaching $200 on Monday, while Dogecoin (DOGE) is down more than 10%. 
BCH also fell 10%, indicating profit-taking after a significant 40% rally last week, driven by expectations for the network's planned halving event on April 4. 
Related News: <a href="https://en.bitcoinsistemi.com/binance-made-large-sales-in-this-altcoin-it-invested-in-how-did-the-price-react/" target="_blank" rel="dofollow">Binance Made Large Sales in This Altcoin It Invested In! How Did the Price React?</a> 
Analysts at crypto exchange Bitfinex suggested that long-term investors who predicted Bitcoin would consolidate in a range in the near term have shed their holdings in recent days. 
Analysts noted strategic profit-taking among Long-Term Holders (LTHs) who have held BTC for more than 155 days, albeit on a relatively smaller scale compared to previous bull market peaks. 
Commenting on Bitcoin's price dynamics, FxPro senior market analyst Alex Kuptsikevich highlighted resistance at the $71,000 level, coinciding with cautious market sentiment towards riskier assets. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/the-sharp-fall-in-the-cryptocurrency-market-liqed-long-positions-worth-millions-of-dollars-here-are-the-details/">The Sharp Fall in the Cryptocurrency Market Liqed Long Positions Worth Millions of Dollars! Here are the Details</a>

The Sharp Fall in the Cryptocurrency Market Liqed Long Positions Worth Millions of Dollars! Here are the Details

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