Yesterday\u2019s minor relief rally quickly came to a halt as the entire market turned red once again. Bitcoin and Ethereum both dumped to monthly lows before recovering slightly.<\/p>\n
This has caused roughly $200 million in liquidations for over-leveraged traders, with the largest single-wrecked position worth nearly $3 million.<\/p>\n
CryptoPotato<\/em> reported<\/a> yesterday the minor price gains charted from most assets, which included BTC nearing $60,000 for the first time in days. ETH was also a good performer, as it jumped to $2,550.<\/p>\n However, the landscape has changed entirely today, perhaps driven<\/a> by the fear in the US stock markets, as mentioned earlier.<\/p>\n Bitcoin was rejected before even having the chance to tap $60,000, but it went even further south today, dropping to $55,600 (on Bitstamp). The last time the asset stood at such a low level was during the early August crash.<\/p>\n <\/a>Bitcoin\/Price\/Chart 04.09.2024. Source: TradingView<\/p>\n Ethereum lost over $200 in a day, from nearly $2,550 to $2,300. Despite recovering some ground and now trading at $2,370, the second-largest crypto is still 5.5% down on the day.<\/p>\n The situation with the altcoins is even more painful on some occasions. TON, for example, has shed 8% of value, NEAR is down by 7%, while ADA, SOL, and AVAX have slipped by 6%.<\/p>\n As a result, over 73,000 over-leveraged traders have been wrecked in the past day, with the total value of liquidated positions standing close to $200 million, according to CoinGlass.<\/p>\n The single-largest one took place on Binance and was worth almost $3 million. It involved the ETH-USDT trading pair.<\/p>\n The post Bitcoin, Ethereum Tank to Monthly Lows, Leaving $200 Million in Liquidations<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Yesterday\u2019s minor relief rally quickly came to a halt as the entire market turned red once again. Bitcoin and Ethereum both dumped to monthly lows before recovering slightly. This has caused roughly $200 million in liquidations for over-leveraged traders, with the largest single-wrecked position worth nearly $3 million. CryptoPotato reported yesterday the minor price gains […]<\/p>\n","protected":false},"author":0,"featured_media":3364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/3363"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3363"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/3363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/3364"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>Bitcoin\/Price\/Chart 04.09.2024. Source: TradingView<\/p>\nEthereum lost over $200 in a day, from nearly $2,550 to $2,300. Despite recovering some ground and now trading at $2,370, the second-largest crypto is still 5.5% down on the day.<\/p>\nThe situation with the altcoins is even more painful on some occasions. TON, for example, has shed 8% of value, NEAR is down by 7%, while ADA, SOL, and AVAX have slipped by 6%.<\/p>\nAs a result, over 73,000 over-leveraged traders have been wrecked in the past day, with the total value of liquidated positions standing close to $200 million, according to CoinGlass.<\/p>\nThe single-largest one took place on Binance and was worth almost $3 million. It involved the ETH-USDT trading pair.<\/p>\nThe post Bitcoin, Ethereum Tank to Monthly Lows, Leaving $200 Million in Liquidations<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Yesterday\u2019s minor relief rally quickly came to a halt as the entire market turned red once again. Bitcoin and Ethereum both dumped to monthly lows before recovering slightly. This has caused roughly $200 million in liquidations for over-leveraged traders, with the largest single-wrecked position worth nearly $3 million. CryptoPotato reported yesterday the minor price gains […]<\/p>\n","protected":false},"author":0,"featured_media":3364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/3363"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3363"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/3363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/3364"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/09\/BTCUSD-3.png\"){kind=link}