Crypto Market Woes: Bitcoin Hits Four-Month Low Amid $1 Billion Liquidation Wave

The cryptocurrency market has experienced a sharp downturn, with Bitcoin falling to a four-month low of $60,500. This decline has triggered over $1 billion in liquidations within the past 24 hours, forcing many traders out of bullish positions.

The widespread selloff reflects a broader risk-off mood in financial markets, as investors reduce exposure to volatile assets amid concerns about interest rates and economic uncertainty.

Ethereum is also facing significant risks, with more than $547 million in potential liquidations if its price falls below key support levels. Traders are closely monitoring these zones for signs of further market stress.