• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin and Altcoins Drop: Market Losses and Expert Warnings

user avatar

by Giorgi Kostiuk

a year ago

The cryptocurrency market faced a worrying decline as Bitcoin's price fell below $100,000, leading to $1 billion in liquidations in the past day.

Bitcoin and Altcoins Drop

Bitcoin, which had risen to $106,000, fell below $100,000, down 4.5% in the last 24 hours. This decline was accompanied by larger losses in altcoins such as Ethereum (ETH), XRP, and Solana (SOL), while losses in Cardano (ADA) and Dogecoin (DOGE) exceeded 10%.

Impact of TRUMP and MELANIA Memecoins

The official memecoin of President-elect Donald Trump, TRUMP, had a negative impact on the memecoin market. With the launch of his wife Melania's own memecoin, MELANIA, the impact intensified, and TRUMP fell 39% to $44. Experts warn that the frenzy surrounding TRUMP and MELANIA represents the FOMO phase of the bull market, potentially leading to a significant BTC price correction.

Liquidations and Expert Warnings

Liquidations in the cryptocurrency market exceeded $1 billion in the last 24 hours. According to CoinGlass data, investors caught off guard faced $1.17 billion in liquidations. The largest liquidations occurred in the Bitcoin/USDT trading pair on Binance, with over $204 million in long liquidations.

The cryptocurrency market is experiencing significant volatility, and the continued focus on memecoins suggests a FOMO phase in the current bull market, requiring investor caution.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Shiba Inu SHIB Investors Could Have Turned $10 into $1 Million

chest

Early investors in Shiba Inu saw massive returns, with a potential $1 million profit from a $10 investment.

user avatarFilippo Romano

Three Silicon Valley Engineers Arrested for Allegedly Stealing Trade Secrets from Google

chest

Three Silicon Valley engineers arrested for allegedly stealing trade secrets from Google.

user avatarEmily Carter

SEC Chair Paul Atkins Discusses Future of Crypto Regulation at ETH Denver

chest

SEC Chair Paul Atkins discusses the agency's plans for crypto regulation at ETH Denver, emphasizing the need for a clear regulatory framework despite congressional delays.

user avatarTomas Novak

Mignolet Warns of Structural Changes in Bitcoin Market Narratives

chest

Mignolet raises concerns about the impact of on-chain analytics on market narratives and investor expectations.

user avatarKaterina Papadopoulou

XRP Social Media Sentiment Surges to Five-Week High

chest

Data shows that the social media sentiment toward XRP has surged to a five-week high, while Bitcoin and Ethereum remain dull.

user avatarMaya Lundqvist

House Democrats Call for Investigation into World Liberty Financial

chest

A coalition of over 40 House Democrats is urging the Treasury Department to investigate World Liberty Financial due to potential conflicts of interest and national security risks.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.