{"id":132450,"date":"2024-07-05T12:44:34","date_gmt":"2024-07-05T09:44:34","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=132450"},"modified":"2024-07-05T12:44:34","modified_gmt":"2024-07-05T09:44:34","slug":"crypto-bloodbath-liquidates-640-million-in-the-past-day","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-bloodbath-liquidates-640-million-in-the-past-day\/","title":{"rendered":"Crypto Bloodbath Liquidates $640 Million in the Past Day"},"content":{"rendered":"<p>This week was really rough for the crypto market with the start of a major sell-off and most cryptocurrencies crashed to multi-month lows.<\/p>\n<p><strong><a href=\"https:\/\/cryptodnes.bg\/kripto-valuti\/bitcoin\/\" rel=\"nofollow\">Bitcoin (BTC)<\/a> <\/strong>in particular dipped to $53,700 and <strong><a href=\"https:\/\/cryptodnes.bg\/kripto-valuti\/ethereum\/\" rel=\"nofollow\">Ethereum (ETH)<\/a><\/strong> lost the $3,000 level.<\/p>\n<p>The market\u2019s total cap declined by 6.95% to $1.98 trillion, singaling a potentnial short to mid-term bearish scenario.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/german-politician-urges-the-government-to-stop-the-bitcoin-sell-off\/\" title=\"German Politician Urges the Government to Stop the Bitcoin Sell-Off\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/pexels-bitcoin-5164786_1280-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">German Politician Urges the Government to Stop the Bitcoin Sell-Off<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Panic selling began after the German government started selling large amounts of Bitcoin from their wallet. The Mt.Gox repayment plan and the expected sell-off also fueled investors\u2019 fear.<\/p>\n<p>In the past 24 hours <strong><a href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"_blank\" rel=\"nofollow\">liquidations<\/a><\/strong> peaked at $637,69 million with $540.51 million in longs and $97.29 million in short positions.<\/p>\n<p>At the time of writing Bitcoin is trading at $54,400 and Ethereum is priced at around $2,870.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto bloodbath continues as Bitcoin dipped below $54,000 with the rest of the market following its lead.<\/p>\n","protected":false},"author":3,"featured_media":132451,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27,24],"tags":[],"class_list":["post-132450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto Bloodbath Liquidates $640 Million in the Past Day<\/title>\n<meta name=\"description\" content=\"The crypto bloodbath continues as Bitcoin dipped below $54,000 with the rest of the market following its lead.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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