{"id":134886,"date":"2024-08-05T08:10:15","date_gmt":"2024-08-05T05:10:15","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134886"},"modified":"2024-08-05T08:11:32","modified_gmt":"2024-08-05T05:11:32","slug":"bitcoin-fell-below-53000-and-does-not-stop-with-the-losses","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-fell-below-53000-and-does-not-stop-with-the-losses\/","title":{"rendered":"Bitcoin Fell Below $53,000 And Does Not Stop With The Losses"},"content":{"rendered":"<p>Over the past 24 hours, Bitcoin has fallen by just over 13% and Ethereum by 21%, causing the total value of cryptocurrencies to drop by over $270 billion, or just over 12%.<\/p>\n<p>This sell-off in the crypto market coincided with a broader decline in Asia-Pacific equities. Japan\u2019s Nikkei 225 fell as much as 7%, extending losses from the previous week after the Bank of Japan raised its key interest rate to a 16-year high. In the US, the Nasdaq fell 3.4% last week, entering correction territory and marking its worst three-week period since September 2022. Amazon and Nvidia contributed to this decline.<\/p>\n<p>The stocks\u2019 recent decline was due in part to disappointing earnings, a weaker-than-expected employment report, higher unemployment, and a declining manufacturing sector. The U.S. Federal Reserve kept its benchmark interest rate steady and did not promise a September rate cut, which many market experts had expected.<\/p>\n<p>The price of Bitcoin reached its lowest level since February, trading around $52,850 at the time of writing.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-134888\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/BTCUSD_2024-08-05_08-08-48.png\" alt=\"\" width=\"2710\" height=\"1468\" srcset=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/BTCUSD_2024-08-05_08-08-48.png 2710w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/BTCUSD_2024-08-05_08-08-48-300x163.png 300w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/BTCUSD_2024-08-05_08-08-48-1024x555.png 1024w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/BTCUSD_2024-08-05_08-08-48-768x416.png 768w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/BTCUSD_2024-08-05_08-08-48-1536x832.png 1536w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/BTCUSD_2024-08-05_08-08-48-2048x1109.png 2048w\" sizes=\"(max-width: 2710px) 100vw, 2710px\"><\/p>\n<p>Ethereum fell to around $2,290, erasing its gains for the year. BNB and Solana also saw significant declines, down over 17.8% and 16.2% respectively, and Dogecoin down as much as 15%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market dropped significantly on Sunday, with investors selling risky assets.<\/p>\n","protected":false},"author":7,"featured_media":96146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72],"class_list":["post-134886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Fell Below $53,000 And Does Not Stop With The Losses<\/title>\n<meta name=\"description\" content=\"The cryptocurrency market dropped significantly on Sunday, 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