The post Bitcoin Holds Firm Above $104K As Altcoin Liquidations Climb appeared on BitcoinEthereumNews.com.

Bitcoin stays above $104K as altcoin futures see sharp liquidation spikes. WIF, Virtual, and WLD rebound after intraday dips, signaling high market volatility. DeFi TVL holds steady at $201.63B despite leveraged market turbulence. Bitcoin has retained its lead in the digital asset market, trading above $104,000 even as liquidations spike across multiple altcoins. As of June 7, 2025, data from Phoenix Group ranks the global crypto market capitalization at $3.28 trillion, supported by a 24-hour trading volume of $102.49 billion. A total of 33,598 digital assets are actively tracked, reflecting the continued growth and complexity of the cryptocurrency ecosystem. Bitcoin (BTC) continues to anchor the market, currently valued at $104,984 and with a dominant market share of 63.7%. Ethereum (ETH), the second-largest asset by market cap, is trading at $2,489 and accounts for 9.2% of the total market. Ethereum’s network remains cost-efficient, with gas fees recorded at 1 GWEI, suggesting minimal transaction congestion and stable on-chain activity. Investor sentiment remains balanced. The Fear and Greed Index sits at 54, placing the market in a neutral zone. Futures data indicates a slight preference toward long positions in BTC, with 50.07% of traders favoring upward momentum. On Binance, Bitcoin long contracts are higher at 50.45%, showing minimal deviation from the broader trend. Altcoins Record Sharp Intraday Moves Several altcoins experienced major price swings over the past 24 hours. WIF and Virtual both declined by 2.55% before rallying to gains of 11.01% and 10.31%, respectively. Worldcoin (WLD) recorded a recovery of 10.87% after an earlier dip of 0.35%. Sui (SUI) and FarcToin also showed minor retracements followed by modest rebounds. These movements show heightened volatility in mid-cap assets, even as larger tokens maintain steadier trading ranges. The sharp intraday reversals suggest active trading environments across select speculative assets. Futures Market Faces Liquidation Pressure…

---

Filed under: News - @ June 7, 2025 7:32 pm