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Shiba Inu

Bitcoin surged past $66,000, even teasing $67,000 briefly before pulling back. However, this quick pullback left bulls and traders with over-leveraged long-position liquidations, with over $249.5 million lost in one day. 
But let’s not forget about altcoins. Many of them dropped even more than Bitcoin did. 
Last week was wild for Bitcoin. It dropped below $60,000 twice because of tensions between Iran and Israel. But when Iran said they were taking a break, Bitcoin bounced back to around $65,000 after the fourth halving. 
On Tuesday and Wednesday, Bitcoin’s value climbed above $67,000, only to fall back quickly. After that, it dropped to $64,500, then even lower to under $63,600. Right now, it’s still in the red, just above <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noreferrer noopener" data-wpel-link="external">$64,000</a>. 
Other cryptocurrencies like Solana, Toncoin, Dogecoin, Avalanche, and Shiba Inu also went down, some by 7% to 10%. 
<figure class="wp-block-image size-large">
 <img fetchpriority="high" decoding="async" width="1024" height="365" src="https://www.cryptotimes.io/wp-content/uploads/2024/04/image-13-1024x365.png" alt="image 13" class="wp-image-152625">
 <figcaption class="wp-element-caption">
 Liquidation Heatmap | Source: Coinglass
 </figcaption>
</figure> 
Almost 98,218 traders lost money in the past day, especially those who were betting on prices going up. The total losses reached over $249 million with the liquidation of $215 million in longs, according to <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noreferrer noopener" data-wpel-link="external">CoinGlass</a>. The largest single liquidation order happened on Binance, with a BTCUSDT value of $9.74 million. 
Bitcoin’s rapid rise and fall, along with altcoins, caused significant losses for traders due to over-leveraging, highlighting the volatility of the crypto market. Volatility in Bitcoin and altcoins raises concerns. Are investors prepared for such rapid swings? 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/25/janet-yellen-linked-buy-bitcoin-notepad-sells-for-16-btc/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Janet Yellen Linked ‘Buy Bitcoin’ Notepad Sells for 16 BTC</a> 
</blockquote>

$200 Million+ Liquidated as Bitcoin Falls Under $64,000

The Crypto Times

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