Ethereum

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/crypto-market-plunges-as-bitcoin-and-altcoins-suffer-major-losses" rel="noopener noreferrer nofollow">Crypto Market Plunges as Bitcoin and Altcoins Suffer Major Losses</a><br></p>
<p style="text-align: justify">The crypto market recently experienced a severe downturn, with significant cryptocurrencies including <a href="https://en.bitcoinhaber.net/bitcoins-potential-downtrend-expert-analysis-and-market-signals" rel="noopener noreferrer nofollow">Bitcoin</a> and a range of altcoins enduring losses greater than 5%. Bitcoin spearheaded the slump, shedding 5.6% of its value, whereas numerous altcoins suffered double-digit percentage drops. This decline also led to significant liquidations within the market.</p>
<h2 id="mass-liquidation-hits-crypto-investors">Mass Liquidation Hits Crypto Investors</h2>
<p style="text-align: justify">Market data highlighted that over $500 million worth of positions were liquidated during the market drop. With $414 million in long positions and $85 million in short positions affected, Bitcoin alone saw $66 million liquidated, indicating the breadth of the impact across various digital assets.</p>
<p style="text-align: justify">QCP Capital, a prominent crypto firm, reported a surge of interest and activity in the options market for Bitcoin and <a href="https://en.bitcoinhaber.net/ethereums-ascent-analyst-predicts-surge-to-2500-amid-crypto-volatility" rel="noopener noreferrer nofollow">Ethereum</a>, with a particular tilt towards put options. This trend is exerting additional pressure on the current spot prices. Ethereum has notably displayed heightened implied volatility, raising concerns over short-term price stability.</p>
<h2 id="options-market-indicates-pessimistic-outlook">Options Market Indicates Pessimistic Outlook</h2>
<p style="text-align: justify">In the immediate term, Ethereum is facing an imbalance with sell orders outweighing buys, leading to a negative risk skew. This trend suggests that traders are bracing for potential downward movements by seeking downside protection, reflecting a broader sense of caution in the market.</p>
<p style="text-align: justify"><strong>Helpful Points:</strong></p>
<ul>
 <li>The recent crypto market downturn is marked by over half a billion dollars in liquidations.</li>
 <li>Ethereum’s options market is currently skewed towards puts, indicating investor concern over near-term price drops.</li>
 <li>The memecoin sector, which had recently seen interest, is also facing a steep decline.</li>
</ul>
<p style="text-align: justify">Specialists are cautioning that the speculative fervor previously driving the crypto market is now dampened. This is attributed to unyielding US monetary policies and the Federal Reserve’s commitment to maintaining a tight fiscal stance, both of which are tempering investor enthusiasm and could signal further market challenges ahead.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/crypto-market-plunges-as-bitcoin-and-altcoins-suffer-major-losses" rel="noopener noreferrer nofollow">Crypto Market Plunges as Bitcoin and Altcoins Suffer Major Losses</a></h5>

Crypto Market Plunges as Bitcoin and Altcoins Suffer Major Losses

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