{"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":"
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
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
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
The price of Bitcoin reached its lowest level since February, trading around $52,850 at the time of writing.<\/p>\n
<\/p>\n
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":"
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":[],"class_list":["post-134886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"\n