Bitcoin

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 <li style="font-weight: 400">Almost $500M in liquidations as Bitcoin (BTC) dumped to a new monthly low of $64K.</li> 
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<a href="https://bitcoinworld.co.in/bitcoin-price-decline-continues-lower-targets-in-sight/">Bitcoin</a> faced tons of volatility on Monday, especially during the night, and <a href="https://coinstats.app/coins/bitcoin/">dumped </a>to a new monthly low of $64,000. 
The altcoins’ fluctuations were similar, with numerous massive declines, resulting in 190,000 traders getting wrecked on a daily scale. 
The primary digital asset had a quiet weekend which it spent at around $66,000. Monday’s start was also underwhelming but the cryptocurrency started gaining traction later on during the day. 
It jumped to a local peak of just over $67,200 before the bears took complete control of the market and initiated a notable price drop. 
<figure id="attachment_74692" aria-describedby="caption-attachment-74692" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class=" wp-image-74692" src="http://bitcoinworld.co.in/wp-content/uploads/BTC-Price-Chart-56-483x300.png" alt="" width="554" height="344" srcset="https://bitcoinworld.co.in/wp-content/uploads/BTC-Price-Chart-56-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/BTC-Price-Chart-56.png 760w" sizes="(max-width: 554px) 100vw, 554px">
 <figcaption id="caption-attachment-74692" class="wp-caption-text">
 BTC Price Chart | Source: Coinstats
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In a matter of minutes, bitcoin slumped by over three grand and fell to its lowest position since May 15 of $64,000 (on Bitstamp). It has managed to bounce off in the following hours and now sits close to $66,000. 
The altcoins’ performances were quite similar, with substantial price drops from many. Despite recovering some ground, SHIB and DOGE are still around 10% down on the day. SOL, AVAX, LINK, ADA, and DOT have plummeted by 7-9%. 
ETH is down to $3,450 after dumping to $3,330 earlier today. More losses come from NEAR, UNI, MATIC, WIF, FIL, FET, and others. 
This massive volatility has harmed over-leveraged traders, as more than 190,000 of them have been wrecked in the past day. The total value of liquidated positions sits above $480 million within the same timeframe. 
The largest single liquidated order happened on Binance. It was worth $6.44 million and involved the ETH/USDC trading pair, according to CoinGlass. 
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Almost $500M In Liquidations As Bitcoin (BTC) Dumped To $64K And Altcoins Bled Out

ItsBitcoinWorld

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