{"id":34078,"date":"2025-01-08T10:03:15","date_gmt":"2025-01-08T10:03:15","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=34078"},"modified":"2025-01-08T10:03:15","modified_gmt":"2025-01-08T10:03:15","slug":"crypto-markets-bled-300-billion-in-a-day-as-bitcoin-btc-slumped-to-95k-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=34078","title":{"rendered":"Crypto Markets Bled $300 Billion in a Day as Bitcoin (BTC) Slumped to $95K (Market Watch)"},"content":{"rendered":"

A lot can change in the cryptocurrency markets within 24 hours, and the last day proved that narrative, as BTC slumped from over $102,000 to $95,200.<\/p>\n

The altcoins have suffered even more, with massive price declines from the likes of ETH, DOGE, ADA, AVAX, LINK, HBAR, DOT, and many others.<\/p>\n

BTC Slumps Hard<\/h2>\n

After a relatively quiet weekend, which BTC spent mostly at around $98,000, the cryptocurrency went on the offensive on Monday. Within just a few hours, its price skyrocketed<\/a> from under $99,000 to a multi-week peak of $102,400.<\/p>\n

This was the first time the asset exceeded the $100,000 mark since the start of the year. It kept climbing during the Tuesday Asian trading session and peaked at $102,800 (on Bitstamp).<\/p>\n

However, it quickly started to lose value as the day progressed. Once the US trading hours kicked in and some controversial data came out<\/a>, BTC started to freefall<\/a> and dumped by five grand in about 60 minutes. It kept dropping in the following hours and plunged to $95,200 earlier this morning, leaving roughly $700 million<\/a> in liquidations.<\/p>\n

Despite recovering slightly since then, bitcoin is still 6% down on the day. Its market cap has plummeted from over $2 trillion to under $1.9 trillion, and its dominance over the alts stands at 54.3%.<\/p>\n

<\/a>Bitcoin\/Price\/Chart 8.1.2024. Source: TradingView<\/p>\n

Alts in Freefall State<\/h2>\n

As it typically happens during such violent corrections, most altcoins have it worse. Ethereum is among the poorest performers, having dumped by 8% from over $3,600 to under $3,400. Even more painful declines come from SOL, DOGE, ADA, AVAX, SUI, LINK, HBAR, DOT, and SHIB, as most of them have dumped by double digits.<\/p>\n

XRP and BNB have dropped by a more modest 4.5% and 3.2%, respectively, while LEO is the only larger-cap alt that is not deep in the red.<\/p>\n

The total crypto market cap went from $3.760 trillion yesterday to under $3.5 trillion today, losing roughly $300 billion in the process from top to bottom.<\/p>\n

<\/a>Cryptocurrency Market Overview. Source: QuantifyCrypto<\/p>\n

The post Crypto Markets Bled $300 Billion in a Day as Bitcoin (BTC) Slumped to $95K (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

A lot can change in the cryptocurrency markets within 24 hours, and the last day proved that narrative, as BTC slumped from over $102,000 to $95,200. The altcoins have suffered even more, with massive price declines from the likes of ETH, DOGE, ADA, AVAX, LINK, HBAR, DOT, and many others. BTC Slumps Hard After a […]<\/p>\n","protected":false},"author":0,"featured_media":34079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-34078","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\/34078"}],"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=34078"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/34078\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/34079"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}