Bitcoin is not out of the woods yet with another four-digit price drop in minutes, causing over $100 million in liquidations in an hour.
The price of the primary cryptocurrency dumped again, this time from around $35,000 to below $33,000. Dropping to its new six-month low caused a lot more pain for over-leveraged traders.earlier today that bitcoin was fighting to stay above $35,000 after yesterday’s inability to jump over $36,000.
However, the asset quickly lost that battle and, in the following hours, plummeted by more than $2,000 to its lowest price level since late July at just under $33,000. Minutes later, BTC bounced off to nearly $34,000. The situation with the alts is similar, if not worse. Ethereum is down to $2,250, after exceeding $2,500 yesterday, while Binance Coin, Solana, Cardano, Polkadot, Avalanche, Shiba Inu, and many others, have dumped by double-digit percentages.
Somewhat expectedly, this enhanced volatility in a short period of time has caused pain for over-leveraged traders.shows that the liquidations jumped to over $100 million in the past hour since BTC’s latest dump began. On a 4-hour scale, the liquidations are worth nearly $200 million. More than 100,000 traders have been wrecked in the past day, with the single largest liquidation order happening on Bitmex worth $6 million.It’s worth noting that bitcoin traded above $43,000 on Thursday. This means that the asset has lost over $10,000 of its value in four days.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
BTC/USD Forex Signal: Bearish Breakdown Below $40K$BTCUSD Forex Signal: Significant Bearish Breakdown Below $40k
Lire la suite »
Bitcoin Falls Below $35,000 As Selloff Nears 50% From Record HighBitcoin has dropped 9.9% over the past 24 hours, hitting its lowest level since July.
Lire la suite »
Grayscale Bitcoin Trust (GBTC) Premium Plummets 30% to All-time Low Amid Market Sell-offGBTC premium drops to an all-time low at 30% as bitcoin and the general crypto market struggle with double-digit losses.
Lire la suite »
Bitcoin Slumps to $35,600; Peter Schiff Expects Flash Crash Once BTC Breaks Below $30,000ICYMI: according to Peter Schiff's prediction, once $BTC breaks below $30,000, it will face a flash crash Bitcoin BTC BTCprice
Lire la suite »