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<p>The post <a href="https://coinpedia.org/news/why-is-the-crypto-market-down-today-140-million-liquidated-in-the-past-4-hours/">Why is the Crypto Market Down Today? $140 Million Liquidated in the Past 4 Hours</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Cryptocurrency enthusiasts find themselves on a rollercoaster ride as the crypto market takes a tumble over the past day, leaving traders scratching their heads in confusion. Despite a surge in positive sentiments surrounding cryptocurrencies in recent months, the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin price</a> has stumbled in its attempt to maintain its bullish stride, stumbling at the significant $74k threshold.</p> 
<p>The latest market data paints a somber picture, with <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/">Ethereum (ETH)</a> witnessing a plunge of over 5 percent on Tuesday, dipping to a low of approximately $2,962. To weather the storm of volatility, more investors are shifting their focus from the unpredictable altcoin market to the relatively stable realms of both stablecoins and the Bitcoin market. </p> 
<p>This shift is reflected in Bitcoin’s dominance, which surged by 1 percent to around 55.16 percent on Tuesday.</p> 
<h2 class="wp-block-heading" id="h-liquidations-mount-as-volatility-peaks">Liquidations Mount as Volatility Peaks</h2> 
<p>As the crypto landscape becomes increasingly volatile, the fallout is palpable, with over $100 million worth of long traders liquidated in the past four hours alone, adding to the staggering tally of nearly $300 million wiped out in the past 24 hours.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> JUST IN: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br>In the last 4 hours, $140 million has been liquidated from the crypto market. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4b8.png" alt="💸" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/CryptoUpdate?src=hash&amp;ref_src=twsrc%5Etfw">#CryptoUpdate</a> <a href="https://twitter.com/hashtag/CryptoLiquidation?src=hash&amp;ref_src=twsrc%5Etfw">#CryptoLiquidation</a> <a href="https://twitter.com/hashtag/MarketUpdate?src=hash&amp;ref_src=twsrc%5Etfw">#MarketUpdate</a></p>— 3Verse Global (@real3Verse) <a href="https://twitter.com/real3Verse/status/1785294508646940765?ref_src=twsrc%5Etfw">April 30, 2024</a>
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<p>The tumult in the crypto sphere is poised to intensify in the days ahead, with all eyes on high-impact events, notably the impending release of crucial data by the United States Federal Reserve concerning interest rates and the Federal Open Market Committee (FOMC) on Wednesday. </p> 
<p>Additionally, the looming sentencing of former Binance CEO CZ threatens to further roil the already turbulent waters of the market.</p> 
<h2 class="wp-block-heading" id="h-is-there-hope-still">Is There Hope Still?</h2> 
<p>The cryptocurrency market is already in a macro bull cycle following the recent Bitcoin halving and the approval of spot BTC ETFs in <a href="https://coinpedia.org/news/boom-or-bust-hong-kongs-crypto-etfs-launch-amid-regulatory-caution-from-chinese-officials/" target="_blank" rel="noreferrer noopener">Hong Kong</a> and the United States. As a result, a possible crypto rebound could send Bitcoin price to a new all-time high (ATH) anytime in the coming months.</p> 
<p>Also Check Out: <a href="https://coinpedia.org/news/why-is-the-bitcoin-btc-price-down-today-here-are-the-top-reasons/">Why is The Bitcoin (BTC) Price Down Today? Here Are the Top Reasons</a></p> 
<p><strong>With volatility on the rise, is it time to adjust your crypto investment strategy?</strong></p>

Why is the Crypto Market Down Today? $140 Million Liquidated in the Past 4 Hours

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