Metric | Value |
|---|---|
BTC low | $73,477 |
BTC price now | $75,442 |
24h change | -0.70% |
7d change | -3.93% |
24h liquidations | over $1B |
Distance from ATH | -40.2% |
Bitcoin slid overnight into Monday to $73,477, its lowest level since August, and closed below its 50-week moving average. The drop triggered more than $1B in liquidations across the crypto market, most of it long positions.
What happened
Buyers stepped in after the low and pushed the price back to about $74,700 into the New York open. By Monday afternoon, at 16:00 UTC, BTC was trading at $75,442, according to CoinGecko data.
The bounce from the low is 2.7%, but BTC is still down 0.70% over 24 hours and 3.93% over 7 days.
The liquidations
More than $1B in leveraged positions were liquidated over 24 hours, the bulk of it longs. The breakdown by exchange and by long/short is tracked in Coinglass liquidation data.
Why it fell
Three factors weighed on price at the same time:
- A probe linked to Nvidia, which hit risk appetite
- Fears of tougher crypto regulation in the US
- Outflows from US spot Bitcoin ETFs
Where BTC stands now
Metric | Value |
|---|---|
Price | $75,442 |
24h change | -0.70% |
7d change | -3.93% |
Market cap | $1.517T |
24h trading volume | $33.37B |
All-time high | $126,080 |
Distance from ATH | -40.2% |
At $75,442, Bitcoin sits 40.2% below its all-time high of $126,080. Trading volume over the past 24 hours reached $33.37B.
Ethereum fell harder
ETH trades at $2,145.08, down 4.16% over 24 hours and 6.91% over 7 days. It is 56.6% below its all-time high of $4,946.05.
Coin | Price | 24h | 7d | From ATH |
|---|---|---|---|---|
BTC | $75,442 | -0.70% | -3.93% | -40.2% |
ETH | $2,145.08 | -4.16% | -6.91% | -56.6% |
ETH trading volume over the past 24 hours was $16.53B, on a market cap of $262.17B.