{"id":145222,"date":"2024-12-20T13:29:06","date_gmt":"2024-12-20T11:29:06","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=145222"},"modified":"2024-12-20T13:33:15","modified_gmt":"2024-12-20T11:33:15","slug":"crypto-market-crashes-1-24-billion-in-positions-wiped-out","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-market-crashes-1-24-billion-in-positions-wiped-out\/","title":{"rendered":"Crypto Market Crashes – $1.24 Billion in Positions Wiped Out"},"content":{"rendered":"
After Jerome Powell’s recent remarks on the plausability of adding Bitcoin<\/a> <\/strong>to the U.S. national reserve, the crypto market took a serious downturn.<\/p>\n The negative sentiment pushed BTC to around $93,000 after the recent $108,000 peak. The top digital asset is down 9% in the past 24 hours to $107 billion market cap and has $107 billion trading volume.<\/p>\n Ethereum<\/a> <\/strong>lost 15% of its value during the same period with its price currently hovering around $3,150. The altcoin is down almost 20% for the past 7 days. The 24-hour trading volume reached $69 billion with its market cap dropping to $384 billion.<\/p>\n The total cryptocurrency market cap has declined 10.46% and is currently $3.18 trillion.<\/p>\n In the past 24 hours $1.24 billion in positions were wiped out from the crypto market – $1.07 billion in longs and $163.55 million in shsorts, according to CoinGlass data<\/a><\/strong>. Ethereum and Bitcoin accounted for the largest amount – almost $590 million in liquidations<\/p>\n The 1-day technical analysis from TradingView also reflects the extremely bearish sentiment with the summary, moving averages and oscillators pointing to “sell” at 11, 8 and 3, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":" The crypto sell-off continues as the bearish trend takes form with Bitcoin and most altcoins taking major hits.<\/p>\n","protected":false},"author":9,"featured_media":69646,"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-145222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-altcoins"],"acf":[],"yoast_head":"\n<\/a><\/p>\n