📰 *Bitcoin Dives Below $75K for First Time in a Month as Crypto Liquidations Near $1 Billion*

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Bitcoin is starting to rebound after a rocky night that saw the top cryptocurrency by market cap dive below $75,000 for the first time in over a month, dipping as low as $74,344 in the early hours of Saturday.

The coin is currently trading around $75,500, showing a 1.8% drop over the last 24 hours and 2.7% in the last week. Bitcoin had traded above the $80,000 mark as recently as last week before leading a broader crypto market dip in the days since.

Other major cryptocurrencies are showing similar declines, with Ethereum falling 2.7% in the last day to a recent price of $2,059 and Solana declining over 3% to a price of $84.

Thanks to Bitcoin's overnight dip below the $75,000 mark, a growing pile of crypto futures positions has been liquidated in the last day. CoinGlass currently shows $917 million worth of liquidations during the past 24 hours, led by Bitcoin with $371 million worth and Ethereum at about $261 million worth.



Long positions—or bets that an asset's price will rise—dominate the carnage with $827 million worth of liquidations.

While there's no immediately obvious trigger for Bitcoin's latest leg down, the dip below $75,000 comes as Bitcoin ETFs had a terrible week, shedding over $1.25 billion worth of investments amid a six-day streak of outflows p...

📡 المصدر: Decrypt

🕒 2026-05-24 13:43

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