The cryptocurrency market has come under pressure due to bearish sentiment and the NFP report, leading to significant liquidations and a decline in market capitalization.
Bitcoin Price Decline
The price of Bitcoin fell to $82,506.72 following the U.S. government's approval of BTC reserve and liquidations totaling $239.92 million. Bitcoin's market capitalization decreased by 4.03% to $1.63 trillion.
Altcoin Drop
Altcoins also experienced significant declines. Ethereum saw $108.01 million in liquidations and a price drop of over 5% to $2066.30. XRP and Solana suffered losses of $30.56 million and $26.46 million respectively, trading at $2.19 (-5.61%) and $128.28 (-7%).
Top Gainers and Losers
Despite the overall downturn, some tokens showed growth. Story IP surged by 9.61%, Ethena increased by 5.11%, and XAUt saw a slight rise of 0.01%. Among the decliners were JASMY (-13.66%), KAS (-12.41%), and Maker (-11.75%).
The crypto market remains under pressure, yet some projects show positive dynamics amidst the general decline.
