fell

Why Did Bitcoin's Price Drop on Dec. 11th? 📉

Bitcoin's price #fell below $41,000 on Dec. 11, dropping 6.5% in 20 minutes from $43,357. Ethereum also declined by 8.9%.

This abrupt plunge caused $270 million in #liquidated positions and wiped out $1.2 billion in open interest.

Despite growing 12% in 30 days, this was Bitcoin's largest single-day decline in a month.

The surge this year, up 150%, was fueled by expectations of SEC-approved #Bitcoin ETFs and anticipated interest rate cuts by the Federal Reserve. Analysts await inflation data and the year's final FOMC meeting.

#Binance
#crypto2023

🪙 Cryptocurrency market hit by inflation

📉 On Thursday, Bitcoin fell below the $60,000 mark. Major altcoins also showed declines.

✅ According to CoinGlass, around 66,000 traders’ positions were liquidated in the last 24 hours, amounting to $184 million.

Analysts attributed the crash to renewed fears of inflation.

✅ The U.S. Consumer Price Index (CPI) report for September showed a year-on-year CPI increase of 2.4%, while economists had predicted 2.3%.
#BTC☀ #fell #DownTrendStarting #inflation

$BLUR , the native governance token of Blur, NFT Market Place, Aggregator and Platform, price fell 10% from 0.68 to 0.59 in an hour , after it grew since Binance Listing.

Is it a dip? or reversal?!

#BLURUSDT #DIP #fell