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<p>Bitcoin, which has been on the rise for 8 weeks, started the new week with a decline.</p> 
<p>Daily losses in BTC, which dropped to $ 40,500, exceeded 5 percent. BTC, which is currently trading at $ 41,900 with a recovery, moved the entire cryptocurrency market downwards.</p> 
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  Bitcoin 4 Saatlik Grafik
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<h2 id="cryptocurrency-market-witnesses-sharp-decline-liquidations-cross-350-million">Cryptocurrency Market Witnesses Sharp Decline, Liquidations Cross $350 Million</h2> 
<blockquote> 
 <p>Although it is said that this decrease was made to liquidate the whales taking long positions on the Bitmex exchange, the exact reason for the decrease is unknown.</p> 
 <p>On the other hand, it was already expected that the price, which had been rising and swelling for 8 weeks, would make a correction at some point. Although the bear market is over or ending according to many experts, this does not mean that prices will always rise.</p> 
 <p>In bull markets, serious price declines and correction movements can also be seen.</p> 
</blockquote> 
<p>Here are the highlights of the latest market movement:</p> 
<h2 id="ethereum-eth-dropped-over-5">Ethereum (ETH) Dropped Over 5%</h2> 
<p>Ethereum, one of the leading cryptocurrencies, witnessed a decline of over 5% in the last hour. The decline in ETH's value reflects the general bearish sentiment prevailing in the market.</p> 
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  Ethereum 4-Hour Chart
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<p><b>Related News: <a href="https://en.bitcoinsistemi.com/suspicious-transactions-detected-in-this-altcoin-price-drops-90-percent-two-exchanges-suspend-trading/" target="_blank" rel="dofollow">Suspicious Transactions Detected in This Altcoin, Price Drops 90 Percent, Two Exchanges Suspend Trading</a></b> </p>
<h2 id="common-drops-among-altcoins">Common Drops Among Altcoins</h2> 
<p>Many altcoins have faced significant losses in the last 24 hours. Tokens such as FLOW, CRO, APETHETA, XTZ, NEO, TON, KAVA and PYTH recorded declines exceeding 10%. The broad nature of the decline indicates a market-wide correction.</p> 
<h2 id="total-liquidation-exceeded-400-million">Total Liquidation Exceeded $400 Million</h2> 
<p>Market turmoil caused total liquidation to exceed $400 million within an hour. Investors and traders faced challenging conditions due to increased volatility in the market.</p> 
<h2 id="long-orders-liquidated">Long Orders Liquidated:</h2> 
<p>Long orders, reflecting investments in the upward movement of assets, encountered significant liquidations reaching $350 million. Liquidation of long positions may indicate widespread selling pressure and a change in market sentiment.</p> 
<p>The latest market movement underscores the inherent volatility of the cryptocurrency space. While digital assets have gained widespread adoption and interest, their prices remain subject to rapid and significant fluctuations.</p> 
<p>*This is not investment advice.</p> 
<p><b> Continue Reading: <a href="https://en.bitcoinsistemi.com/sudden-drop-in-bitcoin-btc-price-seen-below-41000/">Correction in Bitcoin (BTC) Price: Below $41,000!</a></b></p>

Correction in Bitcoin (BTC) Price: Below $41,000!

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