Bitcoin Plummets Nearly 5%, Dogecoin Dives Over 10%: $41 Billion Wiped Off Crypto Market in 24 Hours

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Market Turmoil: Leverage Risks and Price Volatility

Recent data reveals a sharp downturn across the cryptocurrency market, with Bitcoin leading the decline by dropping below the $97,000 threshold. Altcoins followed suit:

The high-leverage environment, comparable to levels seen during the 2021 bull market peak, has amplified systemic fragility. Analysts warn that even minor market shifts could trigger rapid investor exits, cascading liquidations, and accelerated price drops.

Key Statistics (Past 24 Hours)

MetricValue
Total Liquidations170,000+ traders
Estimated Losses$562 million (~¥4.1 billion)

Macroeconomic Pressures

The U.S. ISM Services PMI's unexpected surge intensified concerns about persistent inflation, driving up 10-year Treasury yields. This typically pressures growth-oriented assets like cryptocurrencies.

👉 Why Bitcoin reacts to macro trends

Wall Street Warns of Extended Correction

Prominent strategist Katie Stockton cautions:

2025 Price Projections: Diverging Views

Fed Chair Powell's Perspective

"Bitcoin competes with gold—not the dollar. Its volatility disqualifies it as a stable store of value or payment method."

FAQ: Addressing Reader Concerns

Q: What’s causing Bitcoin’s sudden drop?
A: Combined factors: overheated leverage, macro uncertainty, and profit-taking after December’s rally.

Q: Should investors worry about long-term prospects?
A: While short-term corrections occur, institutional adoption and ETF approvals may bolster future stability.

Q: How does Dogecoin’s drop compare to Bitcoin?
A: Meme coins often exhibit higher volatility due to thinner liquidity and speculative trading.

👉 Navigating crypto volatility

Note: All data reflects market conditions at time of writing. Perform due diligence before investment decisions.


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