Bitcoin Breaks Below $69,000 as Ether, XRP and Solana Hit Four-Week Lows

Bitcoin (BTC) fell below $69,000 as a wider cryptocurrency selloff coincided with Ether (ETH), XRP and Solana (SOL) reaching four-week lows on Coinbase. The move extended weakness beyond Bitcoin, with all three other named assets touching their lowest levels in four weeks. Bitcoin’s break below $69,000 is the central price marker in the decline, while Coinbase’s four-week lows give a defined comparison period for Ether, XRP and Solana.

Bullish positions accounted for most of the liquidations tracked during the selloff. A bullish position is one taken with the expectation that an asset’s price will rise, so the liquidation mix was weighted toward traders positioned for gains. That positions data adds a second measure of the decline: not just where prices moved, but which side of the market made up most tracked liquidations. Together, the price markers and liquidation mix describe a selloff spanning BTC and three other tokens during the move.

Enna Lee

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].