Bitcoin price slipped below $110k on Thursday, triggering fear of further crypto selloff ahead. Ethereum price led the wider altcoin market in capitulation amid heightened sell orders. Crypto liquidations have topped $1.1 billion, with the majority involving long traders. The total crypto market cap dropped over 4.2% on Thursday to hover about $3.8 trillion during the mid North American session. Bitcoin (BTC) price slipped over 3% during the past 24 hours to reach a range low of about $108,787 before rebounding to around $109,693 at press time.