{"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\" rel=\"nofollow\">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\u2019t lost its steam. The smmary shows \u201cbuy\u201d at 14, moving averages point to \u201cstron buy\u201d at 12, while oscillators remain \u201cneutral\u201d at 7.<\/p>\n<p><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\">Read More:<\/h5>\n    <a class=\"article row post-146174\" 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 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        <\/div>\n    <\/a>\n<\/div>\n<\/p>\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":[72,424,271],"coin_category":[],"class_list":["post-146231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-crypto","tag-ethereum"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Crashes Below $98K as Crypto Market Faces Sharp Decline<\/title>\n<meta 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