Crypto Market Plunges as Bitcoin Slides to Six-Week Low, Ethereum Stays Resilient
The crypto market shed $200 billion after a whale dumped around 24,000 BTC, triggering $550 million in liquidations. Bitcoin plunged to near $110,000 while Ethereum briefly reached an all-time high near $4,900, boosted by $2.5 billion in ETF inflows this month. Altcoins like Solana, XRP, and Dogecoin also saw steep pullbacks. Analysts noted institutional accumulation of Bitcoin and Ether remains strong, with futures activity hitting new highs, suggesting resilience despite near-term volatility.
