Altcoins plunge as bitcoin's $85,000 test triggers $550 million in liquidations

2025-12-18 23:21:15

Source: CryptoNewsNet Original Title: Altcoins plunge as bitcoin’s $85,000 test triggers $550 million in liquidations Original Link: https://cryptonews.net/news/analytics/32160680/ Crypto losses accelerated Thursday afternoon as bitcoin broke below the key $85,000 support level, dipping to $84,500 — its weakest price in nearly three weeks — before rebounding slightly.

The move erased BTC’s morning rally to $89,500 and dragged the broader crypto market lower. Ether fell under $2,800, down 1.1% in the past 24 hours, while Solana dropped 4% to below $120, its lowest since April.

Altcoins led the rout, with ADA, DOGE, and SUI plunging more than 5%, outpacing bitcoin’s 1.6% daily drop.

The wild price swings across the board triggered $550 million in liquidations over the past 24 hours on derivatives markets, flushing out both short and long leveraged trading positions.

BTC-2,48%

SOL-2,53%

ADA-5,73%

DOGE-4,38%

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