{"id":146231,"date":"2025-01-07T18:10:05","date_gmt":"2025-01-07T16:10:05","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=146231"},"modified":"2025-01-07T18:10:05","modified_gmt":"2025-01-07T16:10:05","slug":"bitcoin-crashes-below-98k-as-crypto-market-faces-sharp-decline","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-crashes-below-98k-as-crypto-market-faces-sharp-decline\/","title":{"rendered":"Bitcoin Crashes Below $98K as Crypto Market Faces Sharp Decline"},"content":{"rendered":"<p>The decline has brought <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin\u2019s<\/a> <\/strong>market cap to $1.93 trillion, with a 24-hour trading volume of $52 billion, reflecting heightened market activity amid the downturn.<\/p>\n<p>According to Coinglass <strong><a href=\"https:\/\/www.coinglass.com\/LiquidationData\">data<\/a><\/strong>, $388.93 million in crypto positions were liquidated in the last 24 hours. Long positions accounted for the majority at $331.23 million, while shorts made up $57.7 million. Bitcoin alone contributed $73.09 million to the liquidations, highlighting its pivotal role in the broader market turbulence.<\/p>\n<p>The 1-day technical analysis from TradingView, however, shows that the bullish santiment still hasn&#8217;t lost its steam. The smmary shows &#8220;buy&#8221; at 14, moving averages point to &#8220;stron buy&#8221; at 12, while 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\/bold-predictions-for-bitcoin-and-ethereum-for-2025-from-bernstein\/\" title=\"Bold Predictions for Bitcoin and Ethereum for 2025 from Bernstein\">\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\/2022\/07\/bitcoin-and-ethereum-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bold Predictions for Bitcoin and Ethereum for 2025 from Bernstein<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p><strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a> <\/strong>has also faced sharp losses, trading at $3,460 after shedding 7% in the same period. The second-largest cryptocurrency now holds a market cap of $416 billion, with $26 billion in trading volume over the past day, reflecting increased sell-offs.<\/p>\n<p>The overall crypto market has suffered a 4.54% decline, with the total market cap dropping to $3.44 trillion. However, trading activity surged by 24.4%, reaching $142.5 billion, as volatility continues to grip the sector. The downturn signals intensified pressure on the crypto market, with major assets struggling to regain momentum.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s price has tumbled below the critical $98,000 mark, currently trading at $97,800, a 4.15% drop in the past 24 hours.<\/p>\n","protected":false},"author":3,"featured_media":14087,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-146231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Crashes Below $98K as Crypto Market Faces Sharp Decline<\/title>\n<meta name=\"description\" content=\"Bitcoin\u2019s price has tumbled below the 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