{"id":136913,"date":"2024-09-07T00:03:16","date_gmt":"2024-09-06T21:03:16","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136913"},"modified":"2024-09-07T00:03:17","modified_gmt":"2024-09-06T21:03:17","slug":"bitcoin-crashes-below-53000-stock-market-faces-worst-week-in-18-months","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-crashes-below-53000-stock-market-faces-worst-week-in-18-months\/","title":{"rendered":"Bitcoin Crashes Below $53,000 – Stock Market Faces Worst Week in 18 Months"},"content":{"rendered":"

Bitcoin\u2019s price<\/a><\/strong> hit a 6-month bottom below $53,000 after a 5.6% decline in the past 24 hours and almost 10% on the weekly chart.<\/p>\n

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According to data from Coinglass<\/a><\/strong>, $229.16 million were liquidated from the crypto market ($187.61 million in longs and $41.54 million in shorts). Bitcoin amounted to $93.52 million of the total liquidations.<\/p>\n

TradingView\u2019s 1-day technical analysis also showcases the bearish momentum \u2013 The summary and moving averages point to \u201cstrong sell\u201d at 16 and 14, respectively, while the oscillators show \u201csell\u201d at 2.<\/p>\n

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Ethereum<\/a> <\/strong>also experienced a significant price drop and is currently trading at $2,170 after an 8.4% decline in the past 24 hours and has a trading volume of around $23.7 billion.<\/p>\n

The crypto market lost 4.45% in the past day and the total market cap is currently sitting at $1.88 trillion.<\/p>\n

Memecoins are the biggest losers during this period with PEPE<\/a> <\/strong>dropping by 8.73% and Dogecoin<\/a><\/strong> losing 8.34%.<\/p>\n