"Bitcoin and Altcoins Experience Major Sell-Off, $400M Liquidations Recorded"
TL;DR Summary
Major cryptocurrencies, including bitcoin, ethereum, Cardano's ADA, and BNB Chain’s BNB, experienced significant losses, with over $400 million in bullish bets being liquidated. Solana's SOL dropped 7% and Dogecoin (DOGE) fell more than 8%, while Bitcoin Cash’s BCH fell 10% amid profit-taking after a recent rally. Analysts expect bitcoin to remain range-bound in the coming weeks as long-term investors sell off holdings, with resistance seen at the $71,000 level and caution in broader markets against riskier assets.
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- Historical data reveals April's first week as Bitcoin's Achilles' heel CryptoSlate
- Bitcoin Follows the S&P 500 Lower. Watch This Price Level for More Losses. Barron's
- Bitcoin ETFs start April with sharp drop MarketWatch
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