{"id":133993,"date":"2024-07-25T09:07:10","date_gmt":"2024-07-25T06:07:10","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133993"},"modified":"2024-07-25T09:07:59","modified_gmt":"2024-07-25T06:07:59","slug":"bitcoin-drops-to-64000-the-whole-crypto-market-is-in-the-red","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-drops-to-64000-the-whole-crypto-market-is-in-the-red\/","title":{"rendered":"Bitcoin Drops to $64,000 &#8211; the Whole Crypto Market is in the Red"},"content":{"rendered":"<p>At the time of writing,<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\"> Bitcoin (BTC)<\/a><\/strong> is trading at $64,320 after a 2.3% drop during the past day and has a trading volume of $33.77 billion. Bitcoin&#8217;s market cap is currently $1.267 trillion.<\/p>\n<p><a href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-drops-to-64000-the-whole-crypto-market-is-in-the-red\/btcusd_2024-07-25_08-50-26\/\" rel=\"attachment wp-att-133995\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-133995\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-25_08-50-26.png\" alt=\"\" width=\"2048\" height=\"988\" srcset=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-25_08-50-26.png 2048w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-25_08-50-26-300x145.png 300w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-25_08-50-26-1024x494.png 1024w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-25_08-50-26-768x371.png 768w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-25_08-50-26-1536x741.png 1536w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\" \/><\/a><\/p>\n<p>During the past 24 hours $291.65 million were liquidated from the crpyptocurrency market ($258.32 million in longs and $33.35 million in shorts). Bitcoin liquidations accounted for 28.5% of the total liquidations<\/p>\n<p>The 1-day technical analysis from TradingView remains rather bullish with the summary showing &#8220;buy&#8221; at 11, the moving averages poitn to &#8220;buy&#8221; at 10, while oscillators remain &#8220;neutral&#8221; at 9.<\/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\/bitcoin-prediction-asset-management-firm-forecasts-100k-price-soon\/\" title=\"Bitcoin Prediction: Asset Management Firm Forecasts $100K Price Soon\">\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\/2023\/01\/bitcoin-green-2-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin Prediction: Asset Management Firm Forecasts $100K Price Soon<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The biggest losser in the past 24 hours is Mogcoin, dropping by 13.54%. <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum (ETH)<\/a><\/strong> and <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/lido-dao\/\">LidoDAO (LDO)<\/a> <\/strong>also registered significant declines.<\/p>\n<p>Fear has tighly gripped the Bitcin community amidst the Mt. Gox repayment plan. Billions of dollars in BTC are being distributed to the bankrupt crypto exchange&#8217;s creditors.<\/p>\n<p><a href=\"https:\/\/x.com\/AxelAdlerJr\/status\/1815772462522478821\" target=\"_blank\"><b><strong>Reportedly<\/strong><\/b><\/a>, the average purchase price for new large investors is about $64,000. As long as prices remain above this level, market sentiment remains optimistic and major holders are likely to hold their positions.<\/p>\n<p>Looking at the daily chart, Bitcoin should avoid a drop below $64,000 and gain momentum to try to get back above the $66,300 and $68,300 crosses. These levels are significant as they have been points of significant trading activity in the past.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The whole cryptocurrency market seems to be experiencing a downturn after the weekend&#8217;s slight recovery when BTC managed to break above $68,000.<\/p>\n","protected":false},"author":3,"featured_media":35342,"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-133993","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 v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Drops to $64,000 - the Whole Crypto Market is in the Red<\/title>\n<meta name=\"description\" content=\"The whole cryptocurrency market seems to be experiencing a downturn after the weekend&#039;s slight recovery when BTC managed to break ...\" \/>\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\/bitcoin-drops-to-64000-the-whole-crypto-market-is-in-the-red\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Drops to $64,000 - the Whole Crypto Market is in the Red\" \/>\n<meta property=\"og:description\" content=\"The whole cryptocurrency market seems to be experiencing a downturn after the weekend&#039;s slight recovery when BTC managed to break ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/bitcoin-drops-to-64000-the-whole-crypto-market-is-in-the-red\/\" \/>\n<meta property=\"og:site_name\" content=\"Cryptodnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-25T06:07:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-25T06:07:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bear-market-red-gID_2-e1699291738305.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\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: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\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/bitcoin-drops-to-64000-the-whole-crypto-market-is-in-the-red\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/bitcoin-drops-to-64000-the-whole-crypto-market-is-in-the-red\/\"},\"author\":{\"name\":\"Alexander Stefanov\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\"},\"headline\":\"Bitcoin Drops to $64,000 &#8211; 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