7.5% Bitcoin price drop led to crypto liquidations, affecting Solana, Cardano, and Polkadot; Ether fell 12%.
Bitcoin's price drop of 7.5% to $65,214 sparked liquidations of bullish crypto positions, impacting smaller assets like Solana, Cardano, and Polkadot. Ether, Ethereum's second-largest cryptocurrency, dropped 12% intraday. Rising geopolitical risks and a flight to safer investments contributed to the decline, while Bitcoin still saw a 60% yearly increase.
April 12, 2024
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