Bitcoin and Ethereum slip up to 7% in one day as crypto market loses $592 million to forced liquidations

Bitcoin and Ethereum fell 4.62% and 6.93% respectively amid heavy liquidations, with BTC at $85,507 and ETH at $2,904. The global crypto market cap dropped 3.88% to $2.93 trillion, while major altcoins including BNB, XRP, Solana, Tron, Dogecoin, Cardano, and Hyperliquid declined over 9%.