Bitcoin price experienced a sharp decline today, bringing its daily losses to over 3.5% with the decline in recent hours. At the time of writing, the BTC price is trading at around $100,900, just above the $100,000 psychological threshold. The decline in the BTC price may have been due to the ongoing tension in the trade war between China and the US, the unexpected debate between Elon Musk and Donald Trump, and the decline in US technology stocks, especially led by Tesla. Chart showing the decline in BTC price. With the decline in Bitcoin, there was a large amount of liquidation in the cryptocurrency market. In the last 24 hours, $834 million worth of assets were liquidated from the cryptocurrency market. $767 million of these were in long positions. When examined on an asset basis, Bitcoin ranked first with $270 million. Following BTC, Ethereum with $227 million, Solana with $47 million, Dogecoin with $25 million and XRP with $22 million were positioned. The decline in altcoins reached double-digit percentages, especially in memecoins. *This is not investment advice.