On Sunday, the crypto market went from lull to a sudden spike that pushed Bitcoin (BTC) up to $107,114 on Binance. This sudden upswing caused the crypto market capitalization to drop 2.7% to $3.36 trillion. As a result, Ethereum (ETH), Dogecoin (DOGE) and XRP are all down 4.7%, 0.9% and 1.1%, respectively, in the past 24 hours. CoinGlass data shows $651 million worth of positions were liquidated over the past 24 hours as Bitcoin price chopped up and down between $107k and $102k. Why is Bitcoin (BTC) Crashing Today? From a technical perspective, Bitcoin price swept the last week’s high of $105,663 but was met with massive spike in selling pressure from resting asks. This caused BTC to drop 4.23% from the new high of $107,114 to a local bottom of $102,579. As noted in previous articles, BTC could drop down to $100k to $99k, a critical support zone. BTCUSDT… Read More at Coingape.com

The post Why Are BTC, ETH, XRP & DOGE Crashing Today? appeared first on CoinGape.

---

Filed under: News - @ May 19, 2025 5:26 am