Bitcoin fell 2.24% to $77,984 on Friday after a reported $6.3 billion Binance hack, as crypto liquidations reached about $1.5 billion. Ether dropped 3.39% to $2,230, and the Fear & Greed Index stood at 30, in fear territory.
Why it matters
The selloff combined a major exchange security shock with forced position closures, amplifying pressure across the market. Bitcoin dominance was 57.3%, while the Altcoin Index registered 46/100.
Market impact
Total crypto market capitalization was $2.74 trillion. The day’s liquidation tally was also reported at $1.49 billion, underscoring the scale of losses for leveraged traders. The market snapshot points to broad risk aversion, despite gains among several small-cap tokens.
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Frequently asked questions
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How far did Bitcoin and Ethereum fall in the market snapshot?
Bitcoin was down 2.24% at $77,984, while Ethereum fell 3.39% to $2,230.
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What did the Fear & Greed Index indicate?
The index stood at 30, which is in fear territory.
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How large were the reported crypto liquidations?
Liquidations were reported at about $1.5 billion, with another tally putting the figure at $1.49 billion.
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What were Bitcoin dominance and the Altcoin Index?
Bitcoin dominance was 57.3%, and the Altcoin Index registered 46/100.
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Which small-cap tokens gained despite the broader market decline?
Particle Network rose 29.1%, Magma Finance gained 28%, and Bless climbed 26.1%.
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