{"id":4623,"date":"2024-08-15T20:01:34","date_gmt":"2024-08-15T20:01:34","guid":{"rendered":"https:\/\/cryptd.in\/bitcoin-price-crashes-below-57k-as-total-liquidations-exceed-200-million\/"},"modified":"2024-08-15T20:01:34","modified_gmt":"2024-08-15T20:01:34","slug":"bitcoin-price-crashes-below-57k-as-total-liquidations-exceed-200-million","status":"publish","type":"post","link":"https:\/\/cryptd.in\/sv\/bitcoin-price-crashes-below-57k-as-total-liquidations-exceed-200-million\/","title":{"rendered":"Bitcoin Price Crashes Below $57K as Total Liquidations Exceed $200 Million"},"content":{"rendered":"<p>Bitcoin\u2019s price has been crashing in the past 24 hours, charting a decline of around 3.6% on the day. This brings BTC\u2019s weekly losses to above 4%, as the cryptocurrency is currently dipping below $57,000.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/08\/BTCUSD_2024-08-15_22-46-26.png\"><\/a>Source: TradingView<\/p>\n<p>Interestingly enough, the stock market is experiencing a considerable uptick during the same period. The S&amp;P 500 is up almost 2% on the day, while NASDAQ is also charting 0.6% gains.<\/p>\n<p>The rapid decline in Bitcoin\u2019s price<span>\u00a0was quite possibly\u00a0<a href=\"https:\/\/cryptopotato.com\/bitcoin-drops-to-59000-as-us-government-moves-to-sell-more-btc\/\" target=\"_blank\" rel=\"noopener\">caused<\/a> by the fact that\u00a0<\/span>10K BTC was moved from a known US Government wallet to a Coinbase Prime deposit wallet.\u00a0 In addition, on Tuesday, BitGo moved $2 billion worth of Mt. Gox BTC, sparking worries of increased selling pressure.<\/p>\n<p>That said, Bitcoin\u2019s crash below $57K triggered liquidations upward of $200 million across the derivatives market.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-15-at-22.57.22.png\"><\/a>Source: Coinglass<\/p>\n<p>Most of the positions were long traders, which is to be expected during a downward move. That said, ETH derivatives traders suffered the most, accounting for $70 million of the total liquidations. Ethereum is down 4.6% in the past 24 hours.<\/p>\n<p>Inl\u00e4gget <a href=\"https:\/\/cryptopotato.com\/bitcoin-price-crashes-below-57k-as-total-liquidations-exceed-200-million\/\">Bitcoin Price Crashes Below $57K as Total Liquidations Exceed $200 Million<\/a> publicerades f\u00f6rst p\u00e5 <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s price has been crashing in the past 24 hours, charting a decline of around 3.6% on the day. This brings BTC\u2019s weekly losses to above 4%, as the cryptocurrency is currently dipping below $57,000. Source: TradingView Interestingly enough, the stock market is experiencing a considerable uptick during the same period. The S&amp;P 500 is [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":4624,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Price Crashes Below $57K as Total Liquidations Exceed $200 Million - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/sv\/bitcoin-price-crashes-below-57k-as-total-liquidations-exceed-200-million\/\" \/>\n<meta property=\"og:locale\" content=\"sv_SE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Crashes Below $57K as Total Liquidations Exceed $200 Million - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Bitcoin\u2019s price has been crashing in the past 24 hours, charting a decline of around 3.6% on the day. This brings BTC\u2019s weekly losses to above 4%, as the cryptocurrency is currently dipping below $57,000. Source: TradingView Interestingly enough, the stock market is experiencing a considerable uptick during the same period. 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