Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$100,772.00
5.02%$3,822.17
6.92%$2.38
5.59%$227.34
6.54%$717.16
8.06%$0.410494
8.41%$1.00
0.20%$1.087
10.94%$3,820.30
6.76%$0.283539
7.83%$49.00
13.51%$0.00002883
10.13%$6.43
11.28%$4,539.82
6.08%$24.21
13.51%$4.71
31.27%$9.03
11.76%$100,518.00
4.84%$0.431682
5.67%$0.292358
6.51%$546.19
7.83%$3,826.48
6.91%$0.00002478
14.08%$17.08
15.06%$117.70
10.28%$9.50
0.36%$6.88
11.16%$13.58
20.97%$4,028.60
6.87%$13.11
14.67%$1.002
0.08%$0.634613
13.91%$15.92
17.77%$0.997972
-0.16%$33.75
16.44%$9.61
13.75%$0.182505
9.45%$1.83
11.91%$0.058876
10.43%$617.54
11.77%$303.15
15.17%$1.33
13.88%$3.18
16.34%$0.163534
7.23%$1.004
11.58%$6.73
12.39%$4.24
8.77%$204.43
15.34%$0.448298
10.68%$2.40
14.01%$25.00
0.99%$1.26
13.05%$8.79
14.37%$55.07
6.28%$7.36
14.03%$1.89
13.00%$1.056
20.83%$3.06
10.43%$0.00003932
14.41%$2.35
10.10%$29.10
10.34%$0.288848
14.12%$1.81
11.67%$2.59
12.24%$4.54
23.37%$0.621838
16.80%$3.14
15.04%$0.0002437
12.52%$3,826.63
7.20%$0.052681
19.04%$6.34
7.93%$0.04371263
13.26%$141.91
6.73%$0.03848063
19.36%$100,792.00
4.85%$4,293.04
6.97%$0.779488
16.62%$3,939.08
6.20%$1.84
20.33%$0.182376
13.99%$4,015.77
7.48%$1.001
0.49%$1.93
8.98%$1,888.35
9.87%$1.095
9.73%$0.0295524
5.96%$0.444715
12.83%$13.38
6.76%$0.711421
0.93%$5.51
13.81%$0.271013
10.79%$12.47
7.37%$2.18
19.99%$23.62
11.56%$3,932.93
6.62%$1.14
12.06%$2.14
13.84%$0.978541
12.23%$1.48
7.82%$0.658366
11.38%$100,597.00
4.88%$0.142027
-5.55%$0.398651
12.56%$8.09
2.81%$17.52
6.54%$3.23
0.99%$1.092
9.21%$100,938.00
5.48%$0.089078
-2.24%$67.03
8.64%$39.59
17.24%$1.16
9.54%$47.13
10.76%$0.00000135
12.14%$18.43
13.84%$1.29
28.38%$0.00000323
2.50%$282.75
6.50%$0.634949
13.76%$7.98
12.09%$1.25
9.87%$0.654853
13.53%$1.29
10.94%$231.91
6.70%$1.54
10.69%$0.118961
21.04%$3,829.09
7.13%$4,012.21
7.42%$3.97
11.94%$5.02
19.46%$100,344.00
5.04%$0.214602
12.05%$3.52
10.12%$6.14
8.56%$4.06
12.53%$63.39
11.74%$2.93
12.07%$0.806713
11.43%$1.49
5.00%$2.14
14.07%$0.345274
14.88%$2.10
12.69%$0.00942684
15.36%$241.73
6.23%$103.99
12.60%$100,592.00
5.28%$0.00004499
12.23%$0.01288979
26.39%$0.00000001
14.15%$3,823.85
7.08%$0.23864
13.24%$0.00845997
17.24%$3,825.28
7.22%$0.412529
9.13%$0.758328
37.26%$15.82
15.35%$0.931083
14.39%$2.17
13.99%$1.001
0.04%$0.01475712
10.56%$0.116077
12.60%$0.00964371
5.66%$0.00866536
17.32%$0.37178
15.73%$3.14
14.45%$6.86
16.57%$36.42
12.24%$1.00
0.00%$0.00013378
11.18%$0.00175286
17.47%$0.711883
9.53%$276.28
8.01%$0.76248
12.76%$4,146.41
6.66%$0.49067
17.84%$5.16
-25.07%$2,724.47
0.82%$0.668484
22.35%$1.29
9.40%$101,143.00
6.24%$0.01435399
10.56%$0.067704
9.79%$3,823.58
6.67%$0.996378
0.36%$2.03
11.57%$0.582649
12.35%$17.21
15.40%$38.46
11.45%$0.00864848
12.50%$1.44
19.52%$5.89
15.24%$0.0000006
6.83%$0.00329364
13.62%$48.36
9.31%$3,825.66
6.81%$1.36
9.58%$0.075761
12.91%$100,690.00
4.66%$0.298678
10.58%$3,829.06
6.81%$2.64
14.17%$0.080736
13.38%$0.02828463
10.73%$0.00695846
6.80%$9.46
1.81%$0.99988
0.13%$0.303123
13.96%$0.077949
5.76%$2,705.36
0.79%$0.627962
17.62%$0.201317
10.80%$0.522534
27.81%$4.17
26.53%$0.00000417
8.85%$0.0069069
4.26%$0.54095
20.51%$0.00000024
10.41%$100,636.00
4.89%$1.02
1.52%$6.13
5.13%$4,112.77
7.09%$0.882449
9.96%$3,949.69
5.30%$27.89
13.13%$0.04761296
14.99%$0.01431383
10.83%$0.04963316
11.96%$0.670076
9.82%$1.15
9.39%$6.02
3.40%$57.61
12.57%$1.66
-4.81%$0.508719
13.70%$1.099
11.08%$4.20
12.96%$2.04
10.55%$0.085062
18.02%$0.04456806
7.49%$1.47
12.64%$3,827.91
7.35%$4.16
11.67%$2.26
15.58%$0.03533374
7.56%$1.046
-1.34%$0.433777
11.11%$0.290228
12.11%$4,224.16
6.71%$0.745801
14.63%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.