Bitcoin endures sixth major correction since FTX collapse, dropping nearly 20%

2024-6-26 15:15

Quick Take

Bitcoin has recently experienced a correction of nearly 20%, marking the sixth since the low following the FTX collapse in November 2022. These corrections are common in bull markets and are essential for maintaining market health by flushing out leverage.

BTCUSD: (Source: TradingView)

The first notable correction in this cycle occurred during the Silicon Valley Bank (SVB) collapse in March 2023, with Bitcoin falling from just over $25,000 to below $20,000, a roughly 23% drop. A subsequent 17% correction happened between April and May 2023, with prices dropping from over $31,000 to $26,000. In the summer, Bitcoin saw a more than 21% decline from July into August 2023.

Following the ETF launch In January, Bitcoin corrected over 21%, dropping from approximately $49,000 to below $40,000. Another significant correction occurred from March to May 1, 2024, with Bitcoin falling roughly 24% from an all-time high of over $73,000 to around $56,500.

The most recent correction, nearly 19%, started on June 7, 2024, with Bitcoin declining from roughly $72,000 to below $59,000. While concerning for some investors, these corrections are a natural part of Bitcoin’s market cycles.

Bitcoin: Bull Market Correction Drawdowns: (Source: Glassnode)

The post Bitcoin endures sixth major correction since FTX collapse, dropping nearly 20% appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 96978.69 (-0.14%)
Объем 24H $43.355b
Изменеия 24h: -0.17 %, 7d: -5.74 %
Cегодня L: $96041.94 - H: $97458.26
Капитализация $1920.139b Rank 1
Цена в час новости $ 61490 (57.71%)

nearly bitcoin ftx collapse correction sixth common

Источник: cryptoslate.com

nearly bitcoin → Результатов: 126


Фото:

Coinmama Review 2020 – Is it 100% Reliable and Safe?

Coinmama is a bitcoin and crypto exchange that specializes in selling Bitcoins via credit card, debit card or bank wire to nearly anyone in the world. In this Coinmama review, we will go through all major questions and dilemmas around Coinmama: reviewing how Coinmama works, how to register and buy bitcoins on Coinmama, what coins […]The post Coinmama Review 2020 – Is it 100% Reliable and Safe? appeared first on CaptainAltcoin.

2020-1-24 23:35


Analysts explain why Bitcoin is ready to enter a bull market again

At long last, Bitcoin has shown signs of life, rallying by 20 percent from the $6,800 bottom put in nearly two weeks ago. Although this recent price action has been deemed a “relief rally” by some analysts, more and more indicators suggest that BTC and the rest of the cryptocurrency market are on the verge […] The post Analysts explain why Bitcoin is ready to enter a bull market again appeared first on CryptoSlate.

2020-1-13 05:57


Bitcoin Price RSI Breakout Could Target $9K Short-Term

Bitcoin price has been trapped within a powerful downtrend that’s cut the leading cryptocurrency by market cap’s value by nearly 50% over the course of the last few months. Coinciding with the downtrend, Bitcoin’s Relative Strength Index has been confined below a decreasing trendline that the cryptocurrency has now broken out of, suggesting that a... The post appeared first on NewsBTC.

2020-1-6 19:00


Сумма транзакций в сети биткоина за прошедший год составила $673 млрд

В 2019 году пользователи перевели $673 млрд в сети биткоина. Это на 11% меньше показателей 2018 года, свидетельствуют данные аналитического сервиса Coinmetrics. Adjusted value settled on Bitcoin reached $673 billion in 2019, which is down 11% from last year, roughly the same as in 2017 but still nearly 4 times as much as from 2009 […]

2020-1-7 14:11


Пользователи биткоина осуществили транзакции на $673 млрд в 2019 году

В 2019 году пользователи перевели $673 млрд в сети биткоина. Это на 11% меньше показателей 2018 года, свидетельствуют данные аналитического сервиса Coinmetrics. Adjusted value settled on Bitcoin reached $673 billion in 2019, which is down 11% from last year, roughly the same as in 2017 but still nearly 4 times as much as from 2009 […]

2020-1-6 21:32


Nearly 70% Of BCH Hashrate is Controlled by Unknown Mining Pools, Is A 51% Attack At Risk?

BTC.top formerly controlled 15% of the hashrate, which has dwindled to almost nothing. No information has come from Bitcoin Cash on how this user gained such substantial control. [/beg-green-box-list] One of the biggest threats to the cryptocurrency industry is that of a 51% attack, which is the possibility that holding over half of the control […]

2019-12-30 21:13


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Биткоин-биржа Bitfinex заявила о DDoS-атаке

Криптовалютная биржа Bitfinex приостановила работу и сообщила о распределенной сетевой атаке типа «отказ в обслуживании» (DDoS). Приблизительно через 50 минут площадка вернулась в онлайн.