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

📆 05/08/2024 13:31:00
📰 FXStreetNews

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

Bitcoin Notícia

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.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Escrever Comentário

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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.
Fonte: FXStreetNews - 🏆 14. / 72 Consulte Mais informação »