![Bitcoin’s Flash Crash Below K and Rebound Above K Following Biden’s Election Decision Bitcoin’s Flash Crash Below K and Rebound Above K Following Biden’s Election Decision](https://static.news.bitcoin.com/wp-content/uploads/2024/07/pong-768x432.jpg)
Around $222 million in long Bitcoin positions were liquidated in the past 24 hours, with the price of BTC hitting its lowest point since February.
Bitcoin (BTC) hit a four-month low of $53,499 on Coinbase as news of Mt. Gox’s latest cold wallet transfer hit the markets.
BTC plummeted starting at around July 5 at 4:19 am UTC — its lowest level since late February, per TradingView. Meanwhile, crypto liquidations have climbed to $664.5 million over the past 24 hours — its highest in two months, according to CoinGlass.
Bitcoin has slightly recovered to $54,300, down around 7.4% in the last 24 hours.
Options traders are seeing hundreds of millions of dollars worth of losses as Bitcoin (BTC) suddenly plummets below $57,000 and altcoins collapse. According to crypto data aggregator Coinglass, over $379 million in liquidations have occurred in the last 24 hours — nearly 90% of them from leveraged long positions. Binance, the world’s largest crypto exchange […]
The post Over $370,000,000 in Bitcoin, Ethereum and Altcoins Liquidated in 24 Hours As BTC Briefly Dives Below $57,000 appeared first on The Daily Hodl.
Crypto market analysts suggest the altcoin stumble may be tied to a recent spate of spot Bitcoin ETF outflows.
Crypto markets tumbled into a sea of red on Monday as some altcoins bled more than 10%, with an industry analyst telling Cointelegraph that there’s “no clear catalyst” to explain why.
The crypto market cap has fallen to $2.46 trillion, down 3.5% over the last 24 hours. Shiba Inu (SHIB) and Avalanche (AVAX) have been the hardest hit altcoins among the top 20 by market cap on June 17, falling 12.7% and 10.6% during the day, CoinGecko data shows.
Uniswap (UNI) and Dogecoin (DOGE) also saw a double-digit drop, while Solana’s (SOL) dipped 9.4%. Ripple’s XRP (XRP) was the only non-stablecoin not in the red, though it only saw a minor 0.1% increase.
Altcoins have taken another leg down to start the week while most digital assets continue a multi-month downtrend. At time of writing, the total market cap of all crypto assets (TOTAL) is valued at $2.32 trillion, down from $2.39 trillion earlier in the day – a $70 billion haircut. According to crypto data aggregator Coinglass, […]
The post Altcoins Get Crushed As $70,000,000,000 Leaves Crypto Markets To Start the Week appeared first on The Daily Hodl.