After a quiet weekend in which it stood primarily around $63,000, BTC went on the offensive during the Monday morning Asian trading session but was stopped at just under $65,000.<\/p>\n
The subsequent rejection brought some more volatility to the market, which has liquidated over 60,000 traders on a daily scale.<\/p>\n
Bitcoin\u2019s price actions were quite positive in the past several days, especially since the US Federal Reserve cut<\/a> the key interest rates in the country by 0.5% on Wednesday. BTC reacted with immediate price fluctuations but the bulls prevailed and drove the asset north, culminating in a price surge<\/a> to over $64,000 on Friday morning.<\/p>\n The cryptocurrency failed to keep going up and lost some momentum during the weekend. As reported, it traded in a tight range of around $63,000<\/a> for the most part.<\/p>\n More volatility ensued on Sunday evening and Monday morning. First, BTC dropped to $62,400, shot up to $64,000, slipped by a grand and a half again, and initiated an impressive leg up hours ago.<\/p>\n This resulted in a price surge to a four-week high of $64,800 (on Bitstamp). Yet, the bears were quick to intercept and stop BTC\u2019s rally. As of now, the asset trades about $1,000 lower.<\/p>\n <\/a>Bitcoin\/Price\/Chart 23.09.2024. Source: TradingView<\/p>\n Many altcoins mimicked BTC\u2019s performance, but some, such as ETH and BNB, have gained more than 2% on a daily scale. ETH stands above $2,650, while BNB has neared $600.<\/p>\n This substantial volatility has harmed over-leveraged traders, with almost 62,000 such market participants being wrecked on a daily scale. The total value of liquidated positions is up to $165 million, according to CoinGlass.<\/p>\n The single-largest liquidated position actually involved ETH and was worth $2.73 million. It took place on Binance.<\/p>\n The post Over $160 Million in Liquidations as Bitcoin (BTC) Got Rejected at $65K<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" After a quiet weekend in which it stood primarily around $63,000, BTC went on the offensive during the Monday morning Asian trading session but was stopped at just under $65,000. The subsequent rejection brought some more volatility to the market, which has liquidated over 60,000 traders on a daily scale. Bitcoin\u2019s price actions were quite […]<\/p>\n","protected":false},"author":0,"featured_media":8730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-8729","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\/8729"}],"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=8729"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/8729\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/8730"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>Bitcoin\/Price\/Chart 23.09.2024. Source: TradingView<\/p>\nMany altcoins mimicked BTC\u2019s performance, but some, such as ETH and BNB, have gained more than 2% on a daily scale. ETH stands above $2,650, while BNB has neared $600.<\/p>\nThis substantial volatility has harmed over-leveraged traders, with almost 62,000 such market participants being wrecked on a daily scale. The total value of liquidated positions is up to $165 million, according to CoinGlass.<\/p>\nThe single-largest liquidated position actually involved ETH and was worth $2.73 million. It took place on Binance.<\/p>\nThe post Over $160 Million in Liquidations as Bitcoin (BTC) Got Rejected at $65K<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"After a quiet weekend in which it stood primarily around $63,000, BTC went on the offensive during the Monday morning Asian trading session but was stopped at just under $65,000. The subsequent rejection brought some more volatility to the market, which has liquidated over 60,000 traders on a daily scale. Bitcoin\u2019s price actions were quite […]<\/p>\n","protected":false},"author":0,"featured_media":8730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-8729","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\/8729"}],"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=8729"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/8729\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/8730"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/09\/BTCUSD-29.png\"){kind=link}