[Cryptocurrency Market Declines Nearly $1 Billion in Leveraged Positions Liquidated]
On Monday, the cryptocurrency market experienced a sharp decline, leading to nearly $1 billion in leveraged positions being forcibly liquidated. Bitcoin dropped as much as 8% in the New York market to $83,824, with a cumulative decline of over 9% this year. Ethereum fell 10%, reaching a low of $2,719, with a cumulative decline of 18% since December last year. The MarketVector index shows that among the top 100 digital assets, the bottom 50 assets have fallen nearly 70% year-to-date.