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Bitcoin experiences another major plunge

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Post time 25-3-2024 13:00:43 | Show all posts |Read mode
Edited by Kamal531 at 1-4-2024 01:15 PM

Bitcoin experiences another major plunge, sudden flash crash! Over 240,000 people liquidated.

Recently, Bitcoin has encountered another major plunge.

On the evening of March 19th, the price of Bitcoin once dropped below the $63,000 integer mark, with a maximum intraday decline of over 7.4%; Ethereum also experienced a sharp drop of over 10%. Ethereum's 24-hour decline exceeded 10%, while Dogecoin saw a 24-hour decline of 14.3%. As of the time of writing, the price of Bitcoin is temporarily reported at $62,953. According to CoinGlass data on derivative trading, in the past 24 hours, over 240,000 people were liquidated in the cryptocurrency market, with a total liquidation amount of $639 million (approximately 4.6 billion RMB). The US stock blockchain sector also saw a significant pre-market decline.

Among them, MicroStrategy once dropped by over 15%, while Coinbase and Riot Platforms fell by over 5%. Just over the weekend, the cryptocurrency market experienced a flash crash. On March 16th, the cryptocurrency market suddenly experienced a flash crash, with the price of Bitcoin dropping below $65,000 per coin at one point, with a maximum intraday decline of over 6%; Ethereum's price also experienced a sharp drop of 9.77% at one point in Japan. According to CoinGlass data, in the past 24 hours, a total of 161,273 people were liquidated in the cryptocurrency market, with a total liquidation amount of $520 million (approximately 3.744 billion RMB).
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Post time 25-3-2024 13:32:24 | Show all posts
This wave of decline is still quite substantial.
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Post time 26-3-2024 09:00:09 | Show all posts
Let's determine whether the bull market has ended.
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Post time 26-3-2024 09:00:32 | Show all posts
The number of liquidations is also very high.
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Post time 26-3-2024 14:48:51 | Show all posts
It's worth taking a look at this downturn as well.
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