$348.98M liquidated as Bitcoin and Ethereum lead crypto market drop

$348.98M liquidated as Bitcoin and Ethereum lead crypto market drop
фото показано с : invezz.com

2023-12-11 08:30

The crypto market led by Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) experienced an unexpected drop on Sunday night, leaving analysts speculating the reasons behind the shift.

Notably, the sudden drop comes after a triumphant crypto rally that saw Bitcoin surging above $43,000 and Ethereum surpassing $2,300.

Slight correction after bullish momentum

Amid a sustained two-week Bull Run, the cryptocurrency market has taken a breather, with Bitcoin and Ethereum witnessing a slight pullback.

At press time, Ethereum had dropped by 4.57% to trade at $2,246 slightly above a low of $2,202 overnight.

Ethereum price chart

Bitcoin on the other hand had dropped by 4.02% to trade at $42,183 slightly above a low of $41,649 overnight.

Bitcoin price chart

According to Coinmarketcap, the global cryptocurrency market cap currently stands at $1.58 trillion, reflecting a 3.28% decrease in the last 24 hours. Despite this dip, the total market volume has increased by 5.20%, reaching $62.92 billion. Markedly, Bitcoin’s dominance has decreased slightly to 52.29%. Meanwhile, the volume of stablecoins dominates the market with $54.85 billion, comprising 87.18% of the total 24-hour volume.

Since there are no major negative incidences that occurred during the weekend, analysts attribute this correction to the market alleviating pressure following the impressive surge in prices. The correction, seen as a natural part of market dynamics, signals a recalibration of positions and profit-taking by investors.

Over $349 million liquidated in 12 hours

Due to the sudden price drops across the cryptocurrency market in the last 24 hours, traders experienced over $396 million in liquidations according to Coinglass liquidation data.

Notably, the 12-hour timeframe saw a substantial $349.15 million in liquidations, with Bitcoin and Ethereum long positions absorbing the most significant hits—$95.08 million and $74.53 million, respectively.

The bulk of the liquidations, $309.93 million, came from long positions as traders were very bullish on the market prior to the drop.

This data underscores the impact of market fluctuations on trader positions and the potential influence on overall market sentiment.

The post $348.98M liquidated as Bitcoin and Ethereum lead crypto market drop appeared first on Invezz

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 2867.79 (+1.26%)
Объем 24H $34.169b
Изменеия 24h: 7.82 %, 7d: 12.48 %
Cегодня L: $2686.36 - H: $2875.54
Капитализация $345.338b Rank 2
Цена в час новости $ 2237.17 (28.19%)

ethereum drop crypto bitcoin market triumphant sudden

Источник: invezz.com

ethereum drop → Результатов: 126


Фото:

Analysts Still Expect Ethereum Rally to $500 Despite $40 Flash Drop

Analysts think that Ethereum is primed to press higher despite last night’s $40 drop. One analyst noted that Ethereum remains in an extremely advantageous position on a macro time frame. He shared a chart showing that ETH is currently sitting above macro supports, meaning it has room to stretch toward $800 and beyond as it continues to hold those technical levels.

2020-11-19 15:00


Ethereum’s breakout from flag pattern could drop price to $127

Ethereum has recovered considerably from its drop last month, and was valued at around $173, at the time of writing. The Ethereum network’s native token, ETH, also ranks 2nd in the list of the world’s largest cryptocurrencies, with a market cap of almost $19 billion and a daily trading volume of nearly $8 billion, according […] The post Ethereum’s breakout from flag pattern could drop price to $127 appeared first on AMBCrypto.

2019-10-16 19:30


Фото:

XRP and Stellar (XLM) Continue To Thrive Amidst Market Turmoil

By now, the entire crypto-verse is aware of the crypto market turmoil that was ignited by the Bitcoin Cash (BCH) Hash Wars that are still ongoing. The two different camps aligned to Bitcoin Cash ABC and Bitcoin Cash SV have been blamed for causing the value of Bitcoin (BTC) to drop significantly in a time […] The post XRP and Stellar (XLM) Continue To Thrive Amidst Market Turmoil appeared first on Ethereum World News.

2018-11-16 10:59


Фото:

Ethereum Remains Monopolistic Platform for ICOs; Stellar, NEO Follow Lead

Despite the declining number of ICOs, Ethereum is still dominant in the sector as it is used by more than 85 percent of all ICOs, leaving Stellar and NEO far behind. Declining Number of ICOs Coudn’t Dethrone Ethereum Graph showing the breakdown in ICO platform adoption (Source: CoinGecko) Nonetheless, the 80 percent drop in the number […] The post Ethereum Remains Monopolistic Platform for ICOs; Stellar, NEO Follow Lead appeared first on CryptoSlate.

2018-11-3 22:00


Stellar Lumens (XLM) Not Making it Easy for Ripple’s XRP: Weekly Only Gainers

Following the week of sellers having their saying throughout the market, a return of bulls can be witnessed in the daily trading of coins mid-October. While some of the leading cryptocurrencies are struggling to recover from the 11th Oct drop, Stellar Lumen [XLM] and XRP against the US Dollar are the only standing in the […] The post Stellar Lumens (XLM) Not Making it Easy for Ripple’s XRP: Weekly Only Gainers appeared first on Ethereum World News.

2018-10-17 23:29


Фото:

Ethereum Price Watch: Bitcoin Drops by 5% Overnight, Drags Ether Below the $200 Mark Along With It

In a drastic turn of events, Ethereum, the world’s second largest cryptocurrency by total market capitalization, has seen a drop of more than 11% in its relative value during the past 24-hours. As is clear from the chart below, Ether’s downward slide started yesterday afternoon when within a couple of hours the currency stooped from […] The post Ethereum Price Watch: Bitcoin Drops by 5% Overnight, Drags Ether Below the $200 Mark Along With It appeared first on NullTX.

2018-10-11 15:40


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru