Bitcoin’s recent gains have come to a halt, as the asset was rejected twice at the $90,000 level after a week of consecutive all-time highs. This has led to more volatile corrections for altcoins, leaving almost 300,000 traders with losses. Bitcoin’s rise began with Donald Trump’s win in the 2024 US presidential elections, gaining traction even before the official results.
It has since broken above $80,000 and soared to $90,000 on a couple of occasions, but failed to overcome that level. Many altcoins, including DOGE and Cardano, have also experienced corrections, with Shiba Inu losing its 10th spot to TRX. This volatility has led to over 280,000 liquidations in the past 24 hours, with a total value of over $900 million.
