{"id":135374,"date":"2024-08-12T18:00:21","date_gmt":"2024-08-12T15:00:21","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135374"},"modified":"2024-08-12T17:46:45","modified_gmt":"2024-08-12T14:46:45","slug":"bitcoin-fear-index-plunges-amid-market-volatility","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-fear-index-plunges-amid-market-volatility\/","title":{"rendered":"Bitcoin Fear Index Plunges Amid Market Volatility"},"content":{"rendered":"

This drop followed Bitcoin’s<\/a><\/strong> intraday low of $58,134 on Monday on Bitstamp. CoinGlass data reveals that over $123 million in long positions were liquidated.<\/p>\n

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Last Monday, Bitcoin experienced a significant crash, falling to $49,557 on Bitstamp, influenced by global stock market contagion. However, Bitcoin quickly rebounded along with global stocks, reclaiming the $60,000 level by Thursday. This marked Bitcoin’s most substantial rally since February 2022.<\/p>\n

Institutional investors played a key role in the recovery, with BlackRock’s Bitcoin ETF remaining stable despite the market downturn. Nonetheless, Bitcoin bulls faced challenges in sustaining momentum, with the cryptocurrency failing to stay above $60,000.<\/p>\n