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Bitcoin falls below 92,000 USD, impacting altcoin stability

Bitcoin’s price decreased by 2.4% to 91,769 USD, failing to maintain the critical 92,000 USD level. This decline, while notable, led to a surge in trading volume, which reached 48.39 billion USD in 24 hours, showcasing increased market activity despite the price drop.

Ethereum experienced a 1.05% decline, settling at 3,326 USD with a market cap of 400 billion USD. Interestingly, there was a 47.7 million USD inflow into Ethereum ETFs, reflecting continued interest even amidst broader market declines.

Altcoins, including Solana, and XRP, suffered losses ranging from 2% to 8%, highlighting a bearish trend in the market. CoinGlass reported that 105,435 traders were liquidated, totaling 250 million USD, significantly impacting long positions, contributing to an overall cautious trading environment.

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