{"id":132366,"date":"2024-07-03T15:01:04","date_gmt":"2024-07-03T12:01:04","guid":{"rendered":"https:\/\/cryptodnes.bg\/eng\/?p=132366"},"modified":"2024-07-05T17:02:09","modified_gmt":"2024-07-05T14:02:09","slug":"bitcoin-falls-below-60000-market-correction-not-over","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-falls-below-60000-market-correction-not-over\/","title":{"rendered":"Bitcoin Falls Below $60,000 \u2013 Market Correction Not Over"},"content":{"rendered":"<p class=\"gt-block\">Amid fears of a sell-off by users of the failed crypto exchange\u00a0<strong><a href=\"https:\/\/cryptodnes.bg\/en\/zashto-razpredelyaneto-9-milliarda-mt-gox-nyaa-ima-golyamo-vliyanie-vurhu-cenata-bitcoin\/\">Mt. Gox<\/a><\/strong>, who soon start receiving their benefits, the panic in the market is palpable. The German government&#8217;s wallet, which holds over $2.6 billion in crypto, appears to have begun to\u00a0<strong><a href=\"https:\/\/cryptodnes.bg\/en\/germaniq-produljava-prodajbite-bitcoin\/\">transfer<\/a><\/strong>\u00a0its tokens, adding to the bearish outlook.<\/p>\n<p class=\"gt-block\"><strong><a href=\"https:\/\/cryptodnes.bg\/eng\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong>\u00a0it briefly fell below $60,000, but at the time of writing it recovered to the price of $60,350 with a 4.2% drop in the last 24 hours and a trading volume of $25.7 billion. BTC&#8217;s market cap now stands at $1.18 trillion.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cryptodnes.bg\/wp-content\/uploads\/2024\/07\/BTCUSD_2024-07-03_14-58-44.png\" \/><\/p>\n<p>TradingView&#8217;s 14-day technical analysis shows an extremely pessimistic picture \u2013 the summary points to \u201csell\u201d with 12 signals, the moving averages show \u201cstrong sell\u201d with 2 signals and the oscillators with XNUMX signals.<\/p>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n<p class=\"gt-block\"><strong><a href=\"https:\/\/cryptodnes.bg\/eng\/cryptocurrency\/ethereum\/\">Ethereum<\/a><\/strong> also saw a significant drop of 4.4% in the last 12.65 hours with a trading volume of $3,295 billion and is trading at $XNUMX.<\/p>\n<p>The market&#8217;s total market capitalization fell 3.78% to $2.23 trillion.<\/p>\n<p class=\"gt-block\">For the last 24 hours $163.79 million was\u00a0<strong><a href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"_blank\">liquidated<\/a><\/strong>\u00a0from the cryptocurrency market ($142.23 million in longs and $21.56 million in shorts)<\/p>\n<p class=\"gt-block\">The biggest loser was Bittsensor, which fell 13.6 to $235 after\u00a0<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cenata-token-srina-15-sled-hak-potrebitel-lost-8-million-dollars\/\">the message<\/a><\/strong>\u00a0for a recent hack.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC), like most of the cryptocurrency market, saw a price correction today.<\/p>\n","protected":false},"author":3,"featured_media":132367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-132366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","hot-topic-mt-gox"],"acf":[],"yoast_head":"<!-- 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