The cryptocurrency market is experiencing significant volatility: in the last 24 hours, the total amount of liquidations of traders’ positions reached nearly $800 million, and the total capitalization of all crypto assets decreased by 2.5%, totaling $2.57 trillion. Despite this, Bitcoin maintains a price above $76,000.
This is reported by Finway
Details of the Market Correction
According to CoinMarketCap, the recent drop of Bitcoin below $76,000 has already triggered a wave of liquidations amounting to $2.6 billion. Currently, the situation remains tense: other top cryptocurrencies are also showing declines. In particular, Ethereum lost over 8% of its value in a day, but is currently trading above $2,200.
The massive downturn triggered liquidations in futures contracts totaling $796.12 million. A total of 200,987 traders suffered losses. Long position holders lost $597.55 million, while short position holders lost $198.58 million. The largest liquidation volumes were recorded in Bitcoin ($265.51 million) and Ethereum ($292.98 million).
“The Fear and Greed Index in the cryptocurrency market has dropped to 15 points, indicating extreme fear. Compared to the previous day, the index fell by nine points.”
The Bitcoin dominance index currently stands at nearly 60%, indicating a concentration of capital in the leading cryptocurrency, according to TradingView.
Impact on Other Markets and Pressure Factors
The correction has also affected other financial markets. Gold has decreased to $4,400, while silver has dropped to $71. For comparison, in October 2025, the market capitalization of gold first exceeded $30 trillion, and its price at the time of writing is $4,635.
The American stock market is also responding with a decline, particularly Meta Platforms shares have lost about 3%. The situation is complicated by a new partial government shutdown in the U.S., which is the second in the last six months. The previous government shutdown lasted 43 days.
Additional pressure on the markets is being exerted by escalating tensions between the U.S. and Iran, contributing to increased volatility amid political uncertainty.