{"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

\"\"<\/a><\/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":"\nCrypto Market Crashes - $1.24 Billion in Positions Wiped Out<\/title>\n<meta name=\"description\" content=\"The crypto sell-off continues as the bearish trend takes form with Bitcoin and most altcoins taking major hits.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/crypto-market-crashes-1-24-billion-in-positions-wiped-out\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Market Crashes - $1.24 Billion in Positions Wiped Out\" \/>\n<meta property=\"og:description\" content=\"The crypto sell-off continues as the bearish trend takes form with Bitcoin and most altcoins taking major hits.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/crypto-market-crashes-1-24-billion-in-positions-wiped-out\/\" \/>\n<meta property=\"og:site_name\" content=\"Cryptodnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-20T11:29:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-20T11:33:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/red-markets-e1690732869472.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Alexander Zdravkov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Zdravkov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/crypto-market-crashes-1-24-billion-in-positions-wiped-out\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/crypto-market-crashes-1-24-billion-in-positions-wiped-out\/\",\"name\":\"Crypto Market Crashes - $1.24 Billion in Positions Wiped Out\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/crypto-market-crashes-1-24-billion-in-positions-wiped-out\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/crypto-market-crashes-1-24-billion-in-positions-wiped-out\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/red-markets-e1690732869472.webp\",\"datePublished\":\"2024-12-20T11:29:06+00:00\",\"dateModified\":\"2024-12-20T11:33:15+00:00\",\"author\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/4ee541130c110832e7b2b9e3f8e56360\"},\"description\":\"The crypto sell-off continues as the bearish trend takes form with Bitcoin and most altcoins taking major hits.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/crypto-market-crashes-1-24-billion-in-positions-wiped-out\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/crypto-market-crashes-1-24-billion-in-positions-wiped-out\/#primaryimage\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/red-markets-e1690732869472.webp\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/red-markets-e1690732869472.webp\",\"width\":1200,\"height\":675,\"caption\":\"red markets\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\",\"url\":\"https:\/\/cryptodnes.bg\/en\/\",\"name\":\"Cryptodnes EN\",\"description\":\"Crypto News, Bitcoin Analysis and More\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/4ee541130c110832e7b2b9e3f8e56360\",\"name\":\"Alexander Zdravkov\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/da5cf53a0f55d1d631dba1c627b79f07?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/da5cf53a0f55d1d631dba1c627b79f07?s=96&d=mm&r=g\",\"caption\":\"Alexander Zdravkov\"},\"url\":\"https:\/\/cryptodnes.bg\/en\/author\/alexander_zdravkov\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Crypto Market Crashes - $1.24 Billion in Positions Wiped Out","description":"The crypto sell-off continues as the bearish trend takes form with Bitcoin and most altcoins taking major hits.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptodnes.bg\/en\/crypto-market-crashes-1-24-billion-in-positions-wiped-out\/","og_locale":"en_US","og_type":"article","og_title":"Crypto Market Crashes - $1.24 Billion in Positions Wiped Out","og_description":"The crypto sell-off continues as the bearish trend takes form with Bitcoin and most altcoins taking major hits.","og_url":"https:\/\/cryptodnes.bg\/en\/crypto-market-crashes-1-24-billion-in-positions-wiped-out\/","og_site_name":"Cryptodnes EN","article_published_time":"2024-12-20T11:29:06+00:00","article_modified_time":"2024-12-20T11:33:15+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/red-markets-e1690732869472.webp","type":"image\/webp"}],"author":"Alexander Zdravkov","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Alexander Zdravkov","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptodnes.bg\/en\/crypto-market-crashes-1-24-billion-in-positions-wiped-out\/","url":"https:\/\/cryptodnes.bg\/en\/crypto-market-crashes-1-24-billion-in-positions-wiped-out\/","name":"Crypto Market Crashes - $1.24 Billion in Positions Wiped Out","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/crypto-market-crashes-1-24-billion-in-positions-wiped-out\/#primaryimage"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/crypto-market-crashes-1-24-billion-in-positions-wiped-out\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/red-markets-e1690732869472.webp","datePublished":"2024-12-20T11:29:06+00:00","dateModified":"2024-12-20T11:33:15+00:00","author":{"@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/4ee541130c110832e7b2b9e3f8e56360"},"description":"The crypto sell-off continues as the bearish trend takes form with Bitcoin and most altcoins taking major hits.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptodnes.bg\/en\/crypto-market-crashes-1-24-billion-in-positions-wiped-out\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/crypto-market-crashes-1-24-billion-in-positions-wiped-out\/#primaryimage","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/red-markets-e1690732869472.webp","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/red-markets-e1690732869472.webp","width":1200,"height":675,"caption":"red markets"},{"@type":"WebSite","@id":"https:\/\/cryptodnes.bg\/en\/#website","url":"https:\/\/cryptodnes.bg\/en\/","name":"Cryptodnes EN","description":"Crypto News, Bitcoin Analysis and More","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/4ee541130c110832e7b2b9e3f8e56360","name":"Alexander Zdravkov","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/da5cf53a0f55d1d631dba1c627b79f07?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/da5cf53a0f55d1d631dba1c627b79f07?s=96&d=mm&r=g","caption":"Alexander Zdravkov"},"url":"https:\/\/cryptodnes.bg\/en\/author\/alexander_zdravkov\/"}]}},"modified_by":"C0323492922","_links":{"self":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/145222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/comments?post=145222"}],"version-history":[{"count":3,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/145222\/revisions"}],"predecessor-version":[{"id":145228,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/145222\/revisions\/145228"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media\/69646"}],"wp:attachment":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media?parent=145222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/categories?post=145222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/tags?post=145222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}