Bitcoin Price Crashes Below $98K, Ethereum ETH and Altcoins Drop 8% Amid $880M Liquidation

The cryptocurrency market experienced a significant downturn as Bitcoin BTC plummeted below the $98,000 threshold. Major altcoins including Ethereum ETH, Solana SOL, and Cardano ADA recorded substantial losses of approximately 8% during this market correction. The sharp decline triggered massive liquidations totaling $880 million in long positions across derivatives markets, indicating heightened volatility in the crypto sector. This market movement reflects changing investor sentiment and increased selling pressure in the digital asset space.