{"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":"

The decline has brought 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

According to Coinglass 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

The 1-day technical analysis from TradingView, however, shows that the bullish santiment still hasn’t lost its steam. The smmary shows “buy” at 14, moving averages point to “stron buy” at 12, while oscillators remain “neutral” at 7.<\/p>\n