Puntos clave de la noticia:
- Bitcoin fell almost $3,000 from Monday’s $65,600 peak to around $63,000 after two failed attempts to break resistance, erasing its recent rebound.
- Ether dropped below $1,900, XRP lost the $1.10 level, and the broader cryptocurrency market shed approximately $80 billion during Tuesday’s sharp selloff worldwide.
- More than 165,000 traders faced liquidations approaching $700 million as uncertainty surrounding the Federal Reserve’s upcoming interest rate decision further intensified pressure on risk assets.
Bitcoin’s Monday rebound collapsed on Tuesday after the asset failed twice to break resistance near $65,600. The second rejection triggered a rapid fall of almost $3,000, sending BTC to approximately $63,000 for the first time since July 17. A promising multi-day rally turned into a violent reversal within hours, erasing the weekend’s stability above $64,000 and exposing how little tolerance the market had for renewed uncertainty during a thin, nervous session. Although Bitcoin later hovered near the tested support, the abrupt move left traders questioning whether the level could withstand another wave of selling pressure.
Liquidations expose the market’s fragile positioning
The downturn spread quickly across major cryptocurrencies. Ether, which had climbed to a two-month high near $1,980 one day earlier, surrendered about $100 and fell below $1,900. XRP declined 4.5% to roughly $1.06, losing the watched $1.10 threshold, while Solana posted a similar drop and HYPE sank around 6%. The broader market lost approximately $80 billion during Tuesday’s slide, confirming that Bitcoin’s rejection was not an isolated technical event. Instead, the weakness swept through large-cap assets and punished traders positioned for continued upside across markets already struggling to sustain confident demand for now, at least.
Leverage amplified the damage as more than 165,000 traders were liquidated within 24 hours. The total value of erased positions approached $700 million, with Bitcoin and Ethereum accounting for the largest share. Overextended bullish bets became fuel for the market’s accelerating decline, forcing exchanges to close positions as prices moved against leveraged participants. The scale of liquidations illustrates how a relatively compact price move can produce disproportionate losses when positioning becomes crowded. What looked like a routine rejection near resistance quickly evolved into a broad deleveraging event across the cryptocurrency derivatives market on Tuesday morning.
The timing added unease. The crash arrived one day before the U.S. Federal Reserve was scheduled to announce its interest rate decision, while uncertainty over a possible increase weighed on risk-sensitive assets. Bitcoin had closed bearishly and needed to remain above the $63,000 support to avoid fresh local lows. The Federal Reserve decision now hangs over an already fragile technical setup. With momentum reversed, altcoins under pressure and leverage sharply reduced, traders face a market where monetary policy uncertainty could determine whether support holds or another downturn follows.
