x
Black Bar Banner 1
x

Alert!  New Secured Wallets are installed! new Blog system with AI  power and auto blog curation coming soon  Alert! 

Ads by Markethive - View All
Blogs
The Blog Feed
Write a New Blog Post
Search Blog Status
Most Viewed
Most Recent
Most Shared
Alphabetical
Blog Main Menu
Markethive Blog (default)
All Blogs
My Blog Posts
Friends' Blogs
Blog Categories
All
Advertising
Blockchain & Cryptocurrency
Business Development
Diet & Weight Loss
Environmental
Health and Wellness
History and Culture
Home and Garden
Marketing
Mentoring & Training
Money & Finance
Other
Political
Prayer & Religion
Programming & Technical
Real Estate
Search Engine Optimization
Social Media
Spirituality
Sports & Recreation
Transport
Travel & Events
Website Design
Blogging Tools & Assets
My Blog Info
Members Subscribed to You
Blogs You Are Subscribed To
Website Widget
Wordpress Plugin

Bitcoin Craters to $100K as $837M in Crypto Positions Vanish

Posted by Bill Rippel on June 06, 2025 - 3:08am


Bitcoin Craters to $100K as $837M in Crypto Positions Vanish

On Thursday, bitcoin dipped to $100,426, shedding nearly 4% of its value in a single day.

Bitcoin (BTC) spent the day under pressure, sliding from just above $104,000 to about $100,500 per coin. While it hasn’t slipped beneath the six-figure line, the cryptocurrency has now held above $100K for 29 consecutive days—a record-setting stretch for the world’s most prominent digital asset. The decline sent altcoins tumbling as well, with many logging steep double-digit losses. According to coinglass.com, more than $100 million in BTC long positions were liquidated during the hour bitcoin hit the intraday low of $100,426. Altogether, roughly $837.15 million in leveraged bets—both long and short—were wiped out across the crypto market, with longs accounting for $770 million of the damage.

By 5:15 p.m. Eastern time, BTC is holding around the $100,739 range, for now.