Crypto Market Crash Intensifies as Bitcoin Loses $75K
The crypto market crash deepened today as Bitcoin broke below the important $75,000 level, triggering a broader selloff across major cryptocurrencies. After holding near higher support levels earlier this week, Bitcoin suddenly slipped under $75K, increasing market fear and pushing traders to reassess the short-term outlook.
The latest move also came with a sharp rise in liquidations. Around $400 million worth of long positions were reportedly wiped out in the past 10 minutes, showing how quickly leverage can worsen a market decline. When Bitcoin loses a key psychological level, forced selling from leveraged positions can accelerate the crash and put additional pressure on altcoins.
Bitcoin Crash Pulls Ethereum and Major Altcoins Lower
Bitcoin was not the only crypto under pressure. Ethereum also moved sharply lower, trading close to the $2,000 area as bearish sentiment spread across the market. A break below this level could increase fears of a deeper Ethereum correction, especially as ETH has already struggled to regain strong bullish momentum.
Major altcoins also followed Bitcoin lower. Solana, Dogecoin, Cardano, Chainlink, Sui, Bitcoin C...
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