Bitcoin and Ether Face Further Declines Amid Leverage Liquidation

The cryptocurrency market experienced additional downturns overnight, with both Bitcoin and Ether recording further declines. The sell-off in these digital assets coincided with a broader downturn in metal prices, as liquidation pressures intensified across the derivatives landscape, particularly affecting leveraged traders.

This ongoing bearish trend highlights the volatile nature of cryptocurrencies, as market participants reassess their positions amid increased liquidation activity. As a result, the crypto markets are facing challenges that could lead to further instability in the near term.