Bitcoin and Ethereum both fell to $63,000 and $3,200 respectively, while SOL dropped to $173 after briefly touching $200. MicroStrategy (MSTR) had already dropped by -9.16% before the market opened on March 19th.
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Bitcoin falls below 63K
Ethereum falls below 3.3K
Cryptocurrency market liquidates 630 million USD
MicroStrategy pre-market drop of nearly 10%
Meme coins lead the decline, SOL drops to 170
Bitcoin falls below 63K
Bitcoin reached a low of $62,721 on March 19th, with a 24-hour decline of -7.4%.
Since Bitcoin set a new all-time high of $73,787 on the 14th, the decline has reached -13.39%.
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BTC/USDT 4H|OKX
Ethereum falls below 3.3K
Ethereum dropped to $3,205, with a 24-hour decline of -9.28%,
Since Ethereum hit a yearly high of $4,092 on March 12th, the decline has reached -20.33%.
ETH/USDT 4H|OKX
Cryptocurrency market liquidates 630 million USD
CoinGlass
Data shows that the cryptocurrency market liquidated a total of 630 million USD in the past 24 hours, with long positions accounting for 521 million USD and short positions for 108 million USD.
In fact, the Chicago Mercantile Exchange (CME) has had a much higher open interest (OI) than Binance in recent months (168K BTC vs. 116 BTC).
Therefore, the liquidation amount related to cryptocurrency prices is definitely higher than 630 million USD, and CoinGlass’s liquidation data does not include the CME.
Exchange liquidation data
MicroStrategy pre-market drop of nearly 10%
MicroStrategy (MSTR) reached $1,816 on March 16th, surpassing the previous high of the bull market in 2021, but it has now dropped to $1,500 (-17.4%).
And before the US stock market opened on March 19th, MSTR had already dropped by -9.16% in pre-market trading.
Meme coins lead the decline, SOL drops to 170
According to previous reports, in addition to BONK (-21.44%) and FLOKI (-18.56%), meme coins with the deepest decline among the top 100 market cap, SOL also experienced a 16.5% decline.
After briefly reaching $200, SOL has dropped to the $173 level.
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Bitcoin falls below 66K, Ethereum falls below 3.5K, meme coins BOME and SLERF drop by 50% in a single day
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BTC
ETH
Ethereum
Bitcoin
Further reading
10X Research: Bitcoin continues to rise after falling to 63K, competing coins and meme coins have reached a short-term peak
Bitcoin briefly falls to $65,000, spot ETF net inflows remain sluggish for two consecutive days.