Crypto Online
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Bullish
🔥BREAKING: $BTC hits $79K as $200 million just got liquidated from the cryptocurrency market in the past 60 minutes.
Bitcoin and Ethereum taking the biggest hits. This sudden downturn has triggered a wave of margin calls and automatic sell-offs, affecting both long and short traders.
✅Market Impact:
- Bitcoin: Dropped below $80,000, with a significant $245.22 million wiped out in the last 24 hours.
- Ethereum: Fell under $1,700, losing $223.09 million in the same period.
- Other Affected Coins: Dogecoin ($58.82 million), $XRP ($48.24 million), and Solana ($39.56 million) also saw substantial losses.
👀Exchanges Affected:
- Binance: Processed $199.95 million in liquidations, with $183.85 million from long positions.
- Bybit: Followed with $84.92 million in liquidations, $75.06 million from longs.
The US Federal Reserve's decision to maintain interest rates has contributed to this market downturn. This has led to a surge in selling pressure, particularly from long-term Bitcoin holders.
#BTCBelow80K #StopLossStrategies #BTCvsMarkets #DiversifyYourAssets #PowellRemarks
Bitcoin and Ethereum taking the biggest hits. This sudden downturn has triggered a wave of margin calls and automatic sell-offs, affecting both long and short traders.
✅Market Impact:
- Bitcoin: Dropped below $80,000, with a significant $245.22 million wiped out in the last 24 hours.
- Ethereum: Fell under $1,700, losing $223.09 million in the same period.
- Other Affected Coins: Dogecoin ($58.82 million), $XRP ($48.24 million), and Solana ($39.56 million) also saw substantial losses.
👀Exchanges Affected:
- Binance: Processed $199.95 million in liquidations, with $183.85 million from long positions.
- Bybit: Followed with $84.92 million in liquidations, $75.06 million from longs.
The US Federal Reserve's decision to maintain interest rates has contributed to this market downturn. This has led to a surge in selling pressure, particularly from long-term Bitcoin holders.
#BTCBelow80K #StopLossStrategies #BTCvsMarkets #DiversifyYourAssets #PowellRemarks
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