Bitcoin

Drops

<p>Bitcoin took a sharp dive, dropping over $1,400 within two hours and extending its 24-hour losses to 2.3%. A significant factor behind this decline could be Mt. Gox’s <a href="https://www.cryptotimes.io/2024/07/24/mt-gox-bitcoin-released-to-creditors-from-kraken/" target="_blank" rel="noreferrer noopener">ongoing repayments to creditors</a>. Over the past 24 hours, Bitcoin’s price fell to $63,800, however, it bounced back and now trading at $64,156.5.</p> 
<p>Despite the dip, its market capitalization is $1.27 trillion, with a 24-hour trading volume of $33.77 billion.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdlVcv2oS2FbqdJirwHUEUjkkRBL573KSxbGLIUOU184Lkk3NX6WPQcPOUTDrtHTDHWd5PeUy9W8SLH9l844FCLWDUe3ZnU-b2qRBtNrPOe72kN2G4laDfQTZHOdV7gl3Cgy3iazBzOjCW0sliLBimmf8Y?key=PVe6BEIZlZ12alFLA69WGQ" alt="AD 4nXdlVcv2oS2FbqdJirwHUEUjkkRBL573KSxbGLIUOU184Lkk3NX6WPQcPOUTDrtHTDHWd5PeUy9W8SLH9l844FCLWDUe3ZnU b2qRBtNrPOe72kN2G4laDfQTZHOdV7gl3Cgy3iazBzOjCW0sliLBimmf8Y?key=PVe6BEIZlZ12alFLA69WGQ">
  <figcaption class="wp-element-caption">
   Image Source: Coingecko
  </figcaption>
 </figure>
</div> 
<p>The price drop has had a notable impact on liquidations. Bitcoin liquidations reached $83.75 million, with $71.92 million in long positions and $11.83 million in short positions being liquidated within 24 hours.</p> 
<p>In total, across the market, liquidations amounted to $292.16 million. Of this, $258.81 million were long positions, and $33.35 million were short positions. In the past day, 73,599 traders faced liquidations, cumulatively losing $292.16 million.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdPb_fWTzE1fJhlnhEFkE1o32rQkTUk8ziQc6bBrvmqsz6-qKqhxA0reVVk0vDvPJqbGC3COhUVruHwCx56c7z_aK0eTwrhw1FiwOGDbWJKuLJ-f8ZMEU_GqbW6MnDPkuFOeTgeAFOD1h1OKWgjWo3FqKs?key=PVe6BEIZlZ12alFLA69WGQ" alt="AD 4nXdPb fWTzE1fJhlnhEFkE1o32rQkTUk8ziQc6bBrvmqsz6 qKqhxA0reVVk0vDvPJqbGC3COhUVruHwCx56c7z aK0eTwrhw1FiwOGDbWJKuLJ f8ZMEU GqbW6MnDPkuFOeTgeAFOD1h1OKWgjWo3FqKs?key=PVe6BEIZlZ12alFLA69WGQ">
  <figcaption class="wp-element-caption">
   Image Source: Coinglass
  </figcaption>
 </figure>
</div> 
<p>The largest single liquidation order was recorded on Binance’s BTCUSDT pair, valued at $11.78 million. Amidst this turmoil, a glimmer of hope appeared yesterday as the <a href="https://www.cryptotimes.io/2024/07/24/bitcoin-hash-ribbon-buy-signal-potential-rally-ahead/" target="_blank" rel="noreferrer noopener">Bitcoin hash-ribbon indicator</a>, renowned for signaling prime buying opportunities, flashed a promising buy signal.</p> 
<p>The recent Bitcoin drop, largely influenced by Mt. Gox repayments, underscores market volatility. With liquidations surging, could this downturn signal a buying opportunity as suggested by the hash-ribbon indicator?</p>

Bitcoin Drops below $64K, $290M Liquidated in 24 Hours

The Crypto Times

2024年7月25日公開の他の記事

Former New York Fed President Who Previously Said “Rates Should Remain High” Now Says “Rates Shou...

Here’s Why Bitcoin (BTC) price is falling

Cypherpunk Holdings Ramps Up Solana Holdings to $14M, Plans Validator Node

Bitcoin Faces One of Its Worst Weeks

Over 358,000 BTCs Transered In Permanent Accounts, Indicates Increasing Accumulation!

Bitwise Announces 10% Donation of Ethereum ETF Profits to Open-Source Developers

ニュースレターを購読して暗号資産の最新情報を毎日入手！