{"id":132610,"date":"2024-07-08T09:30:46","date_gmt":"2024-07-08T06:30:46","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=132610"},"modified":"2024-07-08T09:40:49","modified_gmt":"2024-07-08T06:40:49","slug":"crypto-markets-start-new-week-in-the-red-bitcoin-continues-to-bleed","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-markets-start-new-week-in-the-red-bitcoin-continues-to-bleed\/","title":{"rendered":"Crypto Markets Start New Week in the Red &#8211; Bitcoin Continues to Bleed"},"content":{"rendered":"<p>Last week saw major corrections across the board, with Bitcoin leading the herd. Today we can see this downtrend is continuing with Bitcoin and most altcoins being in the red.<\/p>\n<p>At the time of writing <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin (BTC)<\/a><\/strong> is trading at $55,741 after a 4% decline in the past 24 hours and a volume ot $25.6 billion. During the past 7 days alone the leading cryptocurrency lost 12.55%.<\/p>\n<p><a href=\"https:\/\/cryptodnes.bg\/en\/crypto-markets-start-new-week-in-the-red-bitcoin-continues-to-bleed\/btcusd_2024-07-08_09-26-48\/\" rel=\"attachment wp-att-132614\"><img decoding=\"async\" class=\"alignnone size-full wp-image-132614\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-08_09-26-48.png\" alt=\"\" width=\"2710\" height=\"1452\" srcset=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-08_09-26-48.png 2710w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-08_09-26-48-300x161.png 300w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-08_09-26-48-1024x549.png 1024w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-08_09-26-48-768x411.png 768w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-08_09-26-48-1536x823.png 1536w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-08_09-26-48-2048x1097.png 2048w\" sizes=\"(max-width: 2710px) 100vw, 2710px\"><\/a><\/p>\n<p>Although it showed some signs of recovering, trading between $57,000 and $58,000 during the weekend, the bearish santiment remains strong.<\/p>\n<p><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\">Read More:<\/h5>\n    <a class=\"article row post-132586\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>This is also illustrated by TradingView\u2019s 1-day technical analysis \u2013 the summary points to \u201csell\u201d at 14, the moving averages show \u201cstrong sell\u201d at 13, while oscillators remain \u201cneutral\u201d at 9.<\/p>\n<p>According to <strong><a href=\"https:\/\/www.coinglass.com\/LiquidationData\" rel=\"nofollow\">data<\/a><\/strong> from CoinGlass, $279.63 million were liquidated in the past 24 hours \u2013 $166.18 million in longs and $113.45 million in short positions).<\/p>\n<p><strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum (ETH)<\/a> <\/strong>also dropped below $3,000 and is currently trading $2,910 after a 4% price drop during the last day and $14.09 billion in trading volume. For the past week ETH lost 16.5% of its valuation.<\/p>\n<p>The biggest losers today are two popular memecoins \u2013<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/pepe\/\"> Pepe (PEPE)<\/a><\/strong> and <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/dogwifhat\/\">Dogwifhat (WIF)<\/a><\/strong>.<\/p>\n<p>PEPE lost 11.5% during the past 24 hours and is currently trading at $0.00008293, while WIF dropped by 11% and is now priced at $1.66. During the past 7 days both altcoins lost 30% and 28%, respectively.<\/p>\n<p><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\">Read More:<\/h5>\n    <a class=\"article row post-132595\" href=\"https:\/\/cryptodnes.bg\/en\/here-is-which-cryptocurrencies-should-you-avoid-next-week\/\" title=\"Here is Which Cryptocurrencies Should You Avoid This Week\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/pexels-analytics-crypto-altcoins-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Here is Which Cryptocurrencies Should You Avoid This Week<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>The total market cap of all cryptocurrencies is now $2.03 trillion after a 3.88% decline.<\/p>\n<p>Fears of continuied selling preassure from the German governemnt, which started selling their Bitcoin holdings last week, as well as the start of the Mt. Gox repayment plan furthers fuels the FUD and may lead to more price corrections this week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last week Bitcoin and the wider crypto market experienced a significant down trend and this week might not be so different.<\/p>\n","protected":false},"author":3,"featured_media":132611,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24,27],"tags":[270,72,283,271,116,238,108],"coin_category":[],"class_list":["post-132610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-bitcoin","tag-altcoins","tag-bitcoin","tag-dogwifhat","tag-ethereum","tag-memecoins","tag-pepe","tag-price"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Crypto Markets Start New Week in the Red - Bitcoin Continues to Bleed<\/title>\n<meta name=\"description\" content=\"Last week Bitcoin and the wider crypto market experienced a significant down trend and this week might not be so different.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/crypto-markets-start-new-week-in-the-red-bitcoin-continues-to-bleed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Markets Start New Week in the Red - Bitcoin Continues to Bleed\" \/>\n<meta property=\"og:description\" content=\"Last week Bitcoin and the wider crypto market experienced a significant down trend and this week might not be so different.\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-08T06:30:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-08T06:40:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/pexels-bitcoin-currency-3341344_1280-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"848\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Stefanov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/UoyhIpJ0QUV6uYL\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Stefanov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" 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