Crypto Markets See Steep Drops as Bitcoin Falls Under $69K, Sparking $200M in Liquidations

Bitcoin and ether dropped 4%, while SOL and DOGE lost 6%-7% in the past 24 hours.

The declines led to almost $200 million worth of leveraged derivatives positions being liquidated.

Bitcoin buckled below $69,000 after nearing $71,000 on Monday.

The drop echoed through crypto markets, with the CoinDesk 20 Index losing 3.2%.

Technical analysis suggests bitcoin may continue consolidating before attempting fresh highs.