$967M wiped in 24 hours as altcoins plunge
The cryptocurrency market entered a steep correction early Friday, with over $967 million in long-leveraged positions liquidated in under 24 hours. While Bitcoin (BTC) remained relatively stable around $118,000, major altcoins like Ethereum (ETH), XRP, and Solana (SOL) plunged more than 10%, exposing the fragility of speculative derivatives positions. What happened in the crypto market?