{"id":143149,"date":"2024-11-24T20:03:01","date_gmt":"2024-11-24T18:03:01","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143149"},"modified":"2024-11-24T20:03:01","modified_gmt":"2024-11-24T18:03:01","slug":"crypto-market-cools-off-as-500-million-gets-wiped-out-bitcoin-and-ethereum-face-losses","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-market-cools-off-as-500-million-gets-wiped-out-bitcoin-and-ethereum-face-losses\/","title":{"rendered":"Crypto Market Cools Off as $500 Million Gets Wiped Out, Bitcoin and Ethereum Face Losses"},"content":{"rendered":"<p><strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin&#8217;s<\/a> <\/strong>price dropped 2.3% in the past 24 hours below $95,000, but is still up 5.8% on the weekly chart. The flagship cryptocurrency has a market cap of $1.896 trillion and a 24-hour trading volume of $48 billion.<\/p>\n<p><a href=\"https:\/\/cryptodnes.bg\/en\/crypto-market-cools-off-as-500-million-gets-wiped-out-bitcoin-and-ethereum-face-losses\/btcusd_2024-11-24_20-00-56\/\" rel=\"attachment wp-att-143150\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-143150\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/BTCUSD_2024-11-24_20-00-56.png\" alt=\"\" width=\"1248\" height=\"571\" srcset=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/BTCUSD_2024-11-24_20-00-56.png 2048w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/BTCUSD_2024-11-24_20-00-56-300x137.png 300w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/BTCUSD_2024-11-24_20-00-56-1024x469.png 1024w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/BTCUSD_2024-11-24_20-00-56-768x351.png 768w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/BTCUSD_2024-11-24_20-00-56-1536x703.png 1536w\" sizes=\"auto, (max-width: 1248px) 100vw, 1248px\" \/><\/a><\/p>\n<p>During this period, positions worth $493.18 million were wiped out &#8211; $385.67 million in longs, and $107.51 million in shorts, according to data from <strong><a href=\"https:\/\/www.coinglass.com\/LiquidationData\">Coinglass<\/a><\/strong>.<\/p>\n<p>Despite this price drop, the 1-day technical analysis from TradingView remains bullish with the summary pointing to &#8220;buy&#8221; at 15, moving averages show &#8220;strong buy&#8221; at 13, and oscillators remain &#8220;neutral&#8221; at 7.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<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 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/could-the-crypto-market-soar-further-after-genslers-resignation\/\" title=\"Could the Crypto Market Soar Further After Gensler&#8217;s Resignation?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/05\/question-mark-1-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Could the Crypto Market Soar Further After Gensler&#8217;s Resignation?<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The total cap of the crypto market declined by 2.83% in the past 24 hours and is currently at $3.26 trillion.<\/p>\n<p><strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a> <\/strong>lost 3.6% of its value in this timeframe with a trading volume of $29 billion. Nevertheless, ETH is still up 6.4% in the past 7 days and has a market cap of around $399 billion.<\/p>\n<p>The biggest loser today is <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/xrp\/\">XRP<\/a><\/strong>, which lost over 11% with volumes reaching $11 billion. The altcoins is still up 24.7% this week, following the major price surge we witnessed some days ago.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a week of significant gains, the crypto market seems to be cooling-off with most digital assets witnessing declines.<\/p>\n","protected":false},"author":9,"featured_media":70869,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27,24],"tags":[],"class_list":["post-143149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto Market Cools Off as $500 Million Gets Wiped Out, Bitcoin and Ethereum Face Losses<\/title>\n<meta name=\"description\" content=\"After a week of 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