News Explorer — Bitcoin and Ethereum Dip Amid Growing Recession Fears

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Aug 2, 10:13 pm

Decrypt

Bitcoin and Ethereum Dip Amid Growing Recession Fears

The crypto market experienced a significant decline on Friday, with Bitcoin and Ethereum dropping by 5% or more. Bitcoin fell below $62,000, while Ethereum dipped below $3,000. Other major assets like Solana also saw significant decreases. The market volatility led to a spike in liquidations of long and short positions, totaling $269 million in the past 24 hours.

The crypto market experienced a significant decline on Friday, with Bitcoin and Ethereum dropping by 5% or more. Bitcoin fell below $62,000, while Ethereum dipped below $3,000. Other major assets like Solana also saw significant decreases. The market volatility led to a spike in liquidations of long and short positions, totaling $269 million in the past 24 hours.

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