Bitcoin's price fell below $100,000 for the third time this month, hitting $98,841.86. Total liquidations in the crypto market reached $463 million, with long positions accounting for $342 million. Analysts point to rising production costs and macroeconomic factors as influencing price pressures.

Ethereum's ETH token has dropped below $3,300, wiping out its gains for the year, while Bitcoin hovers near the $100,000 mark. Both cryptocurrencies are experiencing losses amid a broader market pullback, with significant liquidations occurring as traders lose confidence.

Over 1.5 million crypto traders faced liquidation as nearly $10 billion in open interest was erased following President Trump's announcement of 100% tariffs on Chinese imports. Bitcoin and Ethereum saw the largest losses, with significant drops in their market prices, while one trader reportedly profited $190 million from short positions during the turmoil.

Mantra's OM token plummeted 90% in value due to alleged forced liquidations by centralized exchanges, leading to more than $50 million in liquidations on OM futures. Co-founder John Patrick Mullin emphasized that the price drop was not related to the project's fundamentals, while skepticism from the crypto community persists regarding the circumstances surrounding the crash.