News Formal

Biggest crypto and stock market crash in years liquidates $1.06 billion, is this the end of the bull run?

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 24 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Bitcoin 뉴스

Cryptocurrencies

Crypto market capitalization dipped by 15% in the past 24 hours, according to CoinGecko data, down to $1.89 trillion at the time of writing on Monday.

Bitcoin slipped below the $50,000 support early on Monday as stock markets around the world tumbled and bonds rallied amidst recession fears. The crypto market noted $1.06 billion in liquidations in the past 24 hours, per Coinglass data. Bitcoin crashed alongside US stocks even as the 30-day Pearson correlation with the Nasdaq composite and S&P 500 is negative. Bitcoin could extend losses by another 12% and sweep liquidity below $47,000 before beginning a recovery.

Bitcoin could extend its losses further Bitcoin’s price dipped under $50,000, a key psychological support level for the largest cryptocurrency by market capitalization. BTC could extend its losses by nearly 10% and sweep liquidity in the Fair Value Gap between $45,614 and $46,800. Bitcoin could sweep liquidity at $46,207 before beginning a recovery rally. The Relative Strength Index indicator reads 24.76, as BTC is currently in the “oversold” zone.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 14. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Top 5 crypto market trends from Coingecko's Q2 reportCoingecko's Q2 report on Tuesday revealed key market performances in the crypto industry and how they may affect Q3 and Q4 performances.
출처: FXStreetNews - 🏆 14. / 72 더 많은 것을 읽으십시오 »