
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$92,952.00
5.32%$1,777.87
12.42%$2.21
5.55%$613.67
2.18%$148.10
6.72%$0.999899
-0.01%$0.180486
11.96%$0.681767
8.75%$0.247193
0.45%$1,780.65
12.71%$92,762.00
5.16%$22.32
11.42%$14.25
7.88%$2.74
22.11%$9.08
-0.24%$0.264898
5.90%$0.00001364
9.31%$3.12
6.97%$0.179948
5.72%$2,124.41
11.63%$0.999857
0.00%$356.93
3.50%$84.02
6.56%$18.90
2.67%$4.03
6.67%$4.65
4.40%$1.001
0.06%$1,772.26
11.78%$0.997945
-0.12%$0.646472
2.29%$226.97
5.28%$28.41
0.41%$1,887.39
11.73%$0.00000904
12.97%$92,935.00
5.39%$5.88
11.22%$5.27
7.03%$52.35
2.81%$23.87
3.46%$2.42
9.55%$0.918054
6.39%$334.59
5.30%$5.15
7.73%$32.71
0.21%$0.097964
12.18%$16.77
7.20%$1.049
-0.00%$0.091178
10.91%$1.00
0.00%$160.21
11.60%$0.70104
5.98%$4.50
1.46%$0.02572477
8.82%$1.17
0.09%$4.33
6.39%$92,710.00
5.48%$0.218731
9.25%$0.333294
14.00%$9.21
10.01%$4.23
-0.08%$0.210973
8.74%$2.73
4.46%$2.78
6.96%$0.634488
3.96%$0.519909
11.46%$0.994395
-0.03%$0.325184
8.38%$4.08
4.44%$92,666.00
5.17%$10.20
3.76%$0.439503
8.10%$1,472.40
9.17%$0.748447
6.57%$0.81017
4.23%$154.49
6.29%$0.076106
5.24%$0.00001521
21.45%$1.17
14.25%$0.623831
31.53%$0.855028
10.19%$1.096
5.55%$1,782.65
12.67%$0.01662446
2.17%$1,846.24
11.84%$69.82
4.00%$0.666578
4.77%$0.190042
6.89%$3.62
-1.51%$1.001
0.12%$9.39
8.30%$0.690581
15.00%$0.999885
0.01%$15.39
5.88%$0.089769
7.66%$1,997.47
11.89%$1.001
0.05%$3,393.85
-2.56%$1.00
0.05%$613.76
2.21%$3,396.85
-2.38%$91,544.00
5.64%$2.64
15.46%$0.0155021
8.07%$190.68
6.84%$0.01691922
6.77%$92,870.00
5.46%$163.37
6.71%$0.294949
7.81%$0.79899
11.64%$0.187794
9.75%$1,893.77
12.65%$0.690128
9.76%$3.80
9.63%$0.116478
7.72%$0.997633
-0.02%$0.670446
2.10%$0.00006804
16.22%$0.00000064
4.39%$93,537.00
6.12%$0.999204
0.04%$0.504344
20.71%$0.01856706
8.46%$0.390619
4.59%$30.78
5.58%$2.04
5.60%$1.85
8.76%$1.098
1.04%$0.238617
5.37%$0.00624179
13.57%$0.306816
-1.16%$3.50
6.04%$0.538325
6.21%$1,853.81
11.87%$16.67
11.21%$0.151226
5.71%$0.210818
123.58%$0.529419
21.43%$32.56
4.67%$0.5423
3.04%$0.00891321
6.23%$0.538571
21.24%$0.999299
0.10%$0.638586
7.40%$89,956.00
3.55%$0.067225
-2.37%$0.441947
6.90%$1.71
6.65%$92,917.00
5.36%$0.724639
23.66%$0.9999
-0.01%$0.180218
11.61%$1.31
6.11%$0.999411
-0.07%$88,321.00
0.00%$0.04502204
23.64%$1,792.03
8.40%$0.00002192
6.09%$1,770.29
11.58%$15.29
7.84%$0.00679282
33.30%$0.00000043
0.67%$110.78
0.01%$0.145509
6.20%$2.01
-0.75%$92,736.00
5.46%$5.90
6.80%$6.23
10.49%$1.084
0.01%$1.003
0.30%$3.70
6.43%$2.50
9.26%$0.497203
6.25%$0.076958
6.14%$0.335191
20.40%$0.04034981
8.28%$1,779.59
12.60%$43.02
7.79%$0.221559
10.67%$1,772.38
11.66%$0.083552
7.79%$0.471032
17.78%$1,904.53
13.31%$0.00707248
9.39%$0.99963
0.01%$1,776.10
12.30%$1.00
0.03%$21.89
0.07%$0.573845
10.75%$0.177517
2.56%$1.002
0.42%$0.837045
8.24%$0.00006324
3.54%$0.00406815
-7.32%$0.34797
30.64%$0.01731203
0.80%$0.124451
4.05%$1.002
0.18%$1,810.37
13.70%$0.999855
0.00%$0.03172591
1.57%$0.321422
4.62%$2.71
9.70%$0.00000148
16.53%$92,864.00
5.26%$114.02
8.07%$1.001
0.08%$0.140617
0.49%$0.644733
16.14%$3.63
5.58%$0.235958
7.95%$26.02
6.04%$1.16
4.63%$92,809.00
4.48%$0.678693
-6.28%$1,751.63
11.75%$0.282872
24.59%$0.625786
9.00%$0.999971
-0.04%$22.33
6.26%$0.271076
3.42%$3,187.04
0.01%$2.80
2.07%$1,889.32
12.69%$22.32
11.49%$1,776.60
12.38%$0.186684
6.25%$0.112245
5.19%$0.510826
6.74%$0.00042309
-6.72%$0.03670994
3.02%$1,866.02
5.33%$0.01263795
6.52%$0.00280918
11.68%$0.44024
5.00%$0.02915184
4.67%$1.026
10.05%$0.717022
6.14%$0.932635
11.43%$14.75
5.08%$1.00
0.06%$2.89
13.19%$1,947.28
12.34%$0.999837
-0.04%$92,979.00
4.97%$1,927.36
11.80%$2.21
1.73%$1.14
-0.88%$0.00
8.54%The price of Bitcoin slumped below $43,000 in the early hours of Monday morning, all but erasing the last week's gains and causing almost $390 million in liquidations across the crypto futures market in the past 24 hours.
At time of publication, Bitcoin is trading at around $42,400, down 3% in the past 24 hours—having dipped as low as $41,800 in the past day, per data from CoinGecko.
Of the nearly $402 million in liquidated crypto positions over the past day, just over $345 million were long positions—with over $260 million in the past hour, according to data from CoinGlass. Over 109,000 traders were liquidated over the past 24 hours.
Of the total liquidations in the past 24 hours, Bitcoin saw over $103 million in liquidations, of which $89 million were long positions.
Bitcoin's overnight slump puts a bump in the road of the past week's crypto market rally, with the global crypto market cap of all cryptocurrencies dropping by 3.1% over the past 24 hours, to $1.65 trillion.
Bitcoin's stumble means that the past week's gains have been slashed to just 1.8%, however, the cryptocurrency is still up over 14% in the past month and 13% in the past fortnight, and a whopping 146% over the past year.
That uptrend has been fuelled by optimism over the potential approval of a spot Bitcoin ETF by the U.S. Securities and Exchange Commission, which has held a number of meetings with applicants in recent weeks.
In the wider market, there's also a growing expectation that the Federal Reserve will cut interest rates in 2024; Goldman Sachs revised its projection on Monday morning to two such cuts in 2024, with the first expected in Q3.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.