{"id":134894,"date":"2024-08-05T09:52:31","date_gmt":"2024-08-05T06:52:31","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134894"},"modified":"2024-08-05T11:55:20","modified_gmt":"2024-08-05T08:55:20","slug":"bitcoin-price-crashed-below-50000","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-price-crashed-below-50000\/","title":{"rendered":"Bitcoin Price Crashed Below $50,000"},"content":{"rendered":"

Bitcoin<\/a> <\/strong>led the decline with 16% and went below $50,000 in the last 24 hours, while Ethereum<\/a> <\/strong>plummeted over 23% and at the time of writing is trading at $2,230. According to CoinMarketCap, the total market cap is down 11%. At this point it stands at $1.84 trillion.<\/p>\n

This decline in cryptocurrencies<\/a> <\/strong>has coincided with a broader decline in equity markets in the Asia-Pacific region. Japan\u2019s Nikkei 225 fell 10%, extending losses from the previous week, after the Bank of Japan announced an increase in its benchmark interest rate to a 16-year high.<\/p>\n

At the time of writing, the leading cryptocurrency has partially recovered and is trading at $51,900, down 27% in the last week, and its market cap has fallen to around $1 trillion.<\/p>\n

\"\"<\/p>\n

It was also reported that $1,000,000,000 was liquidated from the crypto market in the last 24 hours.<\/p>\n

The stock market also suffered a decline last week that was related in part to disappointing earnings, a weaker-than-expected jobs report, higher unemployment and a declining manufacturing sector. The U.S. Federal Reserve chose to hold its benchmark interest rate steady and did not promise a September rate cut, which many market experts had included in their forecasts. Lower interest rates usually correlate with better performance of risky assets.<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

The crypto market saw a significant drop in value as investors continued to abandon high-risk assets.<\/p>\n","protected":false},"author":9,"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],"tags":[72,424,271,243],"coin_category":[],"class_list":["post-134894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-crypto","tag-ethereum","tag-federal-reserve"],"acf":[],"yoast_head":"\nBitcoin Price Crashed Below $50,000 - CryptoDnes EN<\/title>\n<meta name=\"description\" content=\"The crypto market saw a significant drop in value as investors continued to abandon high-risk assets.\" \/>\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-price-crashed-below-50000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Crashed Below $50,000 - 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