{"id":136330,"date":"2024-08-28T01:48:21","date_gmt":"2024-08-27T22:48:21","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136330"},"modified":"2024-08-28T01:48:21","modified_gmt":"2024-08-27T22:48:21","slug":"crypto-market-is-bleeding-again-bitcoin-falls-below-59000","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-market-is-bleeding-again-bitcoin-falls-below-59000\/","title":{"rendered":"Crypto Market is Bleeding Again &#8211; Bitcoin Falls Below $59,000"},"content":{"rendered":"<p>Bitcoin (<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">BTC<\/a><\/strong>) lost 6.5% of its value in just 24 hours and briefly dipped below $59,000. At the time of writing, the cryptocurrency managed to rise above the $59,000 level.<\/p>\n<p><a href=\"https:\/\/cryptodnes.bg\/en\/crypto-market-is-bleeding-again-bitcoin-falls-below-59000\/btcusd_2024-08-28_01-39-46\/\" rel=\"attachment wp-att-136331\"><img decoding=\"async\" class=\"alignnone size-full wp-image-136331\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/BTCUSD_2024-08-28_01-39-46.png\" alt=\"\" width=\"1888\" height=\"382\" srcset=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/BTCUSD_2024-08-28_01-39-46.png 1888w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/BTCUSD_2024-08-28_01-39-46-300x61.png 300w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/BTCUSD_2024-08-28_01-39-46-1024x207.png 1024w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/BTCUSD_2024-08-28_01-39-46-768x155.png 768w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/BTCUSD_2024-08-28_01-39-46-1536x311.png 1536w\" sizes=\"(max-width: 1888px) 100vw, 1888px\"><\/a><\/p>\n<p>The 24-hour trading volume hit $36.6 billion as BTC\u2019s market cap reached $1.17 billion.<\/p>\n<p>Ethereum (<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">ETH<\/a><\/strong>) also took a nosedive and is currently trading at $2,440 after losing 10% in the past 24 hours with $16.75 billion in trading volume.<\/p>\n<p><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\">Read More:<\/h5>\n    <a class=\"article row post-136288\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-btc-shows-increased-correlation-with-u-s-stocks\/\" title=\"Bitcoin (BTC) Shows Increased Correlation with U.S. Stocks\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/pexels-bitcoin-7116924_1280-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin (BTC) Shows Increased Correlation with U.S. Stocks<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>In the past 24 hours, $311.29 million were <strong><a href=\"https:\/\/www.coinglass.com\/LiquidationData\" rel=\"nofollow\">liquidated<\/a> <\/strong>from the market with $281.59 million being long positions and $29.70 in shorts. Out of all these positions $100.08 million were in Ethereum and $93.74 million were in Bitcoin<\/p>\n<p>The 1-day technical analysis from TradingView seems extremely bullish as the summary and moving averages show \u201cstrong sell\u201d at 17 and 15, respectively, while oscillators remain \u201cneutral\u201d at 8.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto market is experiencing serious selling pressure, leading to major price declines across the board.<\/p>\n","protected":false},"author":3,"featured_media":37522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72,271],"coin_category":[],"class_list":["post-136330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-ethereum"],"acf":[],"yoast_head":"<!-- This site is optimized with the 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