Between Sept. 1 and Sept. 7, 2024, the crypto market took a notable hit, shedding $ 170 billion in value. Bitcoin and ethereum were the main drivers of this downturn, responsible for 78.82% of the week’s losses. These two heavyweights saw their combined market caps shrink the most, dragging the entire market down with …
After lingering around the $ 59,000 mark, bitcoin’s value has faced downward pressure, dipping to an intraday low of $ 57,775 on Friday. Over the past 24 hours, bitcoin (BTC) has slipped by 4.6%, while ether (ETH) saw a 5.4% decline. Friday Crypto Slide: Bitcoin Falls, Ether Sinks, and Liquidations Jump The crypto …
The price of bitcoin soared past the $ 52K milestone on Wednesday, reaching $ 52,056 per unit on Bitstamp at 10:05 a.m. Eastern Time. Bitcoin’s meteoric rise over the past day triggered a wave of liquidated leveraged positions, wiping out $ 89.28 million in short positions. ‘Sustained High Levels of Illiquid Supply’ …