Ethereum

Bitcoin

Million

<ul>
 <li>Bitcoin dropped 6.5% and Ethereum 9.4% in the past 24 hours.&nbsp;&nbsp;</li>  
 <li>The market saw $313 million in liquidations, mostly long orders.&nbsp;&nbsp;</li>  
 <li>Investors are now cautiously monitoring for signs of recovery amid ongoing volatility.</li> 
</ul>  
<p>Bitcoin and Ethereum have experienced a sharp decline in the past 24 hours. <a href="https://cryptonewsland.com/bitcoin-at-63k-macro-flag-breakout/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> tumbled by 6.5%, hitting a low of $58,034, its lowest point in recent weeks.&nbsp;</p>  
<p>Ethereum faced an even steeper fall, plummeting 9.4% to $2,392. This sudden market downturn caught many investors off guard, leading to a wave of liquidations totaling $313 million.&nbsp;</p>  
<p>The majority of these liquidations, approximately $282 million, were long orders, while short orders accounted for $31.36 million.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/WuBlockchain/status/1828606652989485105
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</figure>  
<h2 class="wp-block-heading" id="h-market-turmoil">Market Turmoil</h2>  
<p>The cryptocurrency market faced significant turmoil as Bitcoin and Ethereum led the decline. Bitcoin's sharp drop is particularly noteworthy, as it had been trading relatively steadily before this downturn.&nbsp;</p>  
<p>The decline of&nbsp; <a href="https://cryptonewsland.com/ethereum-faces-key-test-at-2843/" target="_blank" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> was even more pronounced, underscoring the market's susceptibility to sudden and severe fluctuations. The reasons behind this sell-off remain unclear.</p>  
<p>However, some analysts suggest it could be linked to a combination of factors. Regardless of the cause, the impact was immediate and widespread, leaving many investors reeling.</p>  
<p>In the wake of these price drops, the market experienced a frenzy of liquidations. A total of $313 million was liquidated across the network, with long orders bearing the brunt of the losses.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-what-next">What Next?</h2>  
<p>As the <a href="https://coinmarketcap.com/" target="_blank" rel="noopener noreferrer nofollow">crypto market</a> attempts to stabilize, investors are closely monitoring for any signs of recovery. The recent downturn has underscored the importance of staying informed and prepared for sudden market shifts.&nbsp;</p>  
<p>The recent drops in <a href="https://bitcoin.org/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> and Ethereum prices have left investors cautious. Many are reassessing their strategies in light of the market's ongoing volatility.&nbsp;</p>  
<p>The coming days will be crucial in determining whether this is a temporary setback or the beginning of a more prolonged downturn.</p> 
<p>The post <a href="https://cryptonewsland.com/bitcoin-drops-6-5-ethereum-9-4-313m-liquidated/" rel="noopener noreferrer nofollow">Bitcoin Falls 6.5%, Ethereum Sinks 9.4%, $313 Million Liquidated</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin Falls 6.5%, Ethereum Sinks 9.4%, $313 Million Liquidated

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