{"id":22489,"date":"2023-07-24T19:03:52","date_gmt":"2023-07-24T19:03:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-dips-to-29k-as-crypto-sees-150-million-in-liquidations\/"},"modified":"2023-07-24T19:03:52","modified_gmt":"2023-07-24T19:03:52","slug":"bitcoin-dips-to-29k-as-crypto-sees-150-million-in-liquidations","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-dips-to-29k-as-crypto-sees-150-million-in-liquidations\/","title":{"rendered":"Bitcoin dips to $29k as crypto sees $150 million in liquidations"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677498482209-b0f57c34-6ee1-4c86-aa87-926bd1df5504-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677498482209-b0f57c34-6ee1-4c86-aa87-926bd1df5504-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677498482209-b0f57c34-6ee1-4c86-aa87-926bd1df5504-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677498482209-b0f57c34-6ee1-4c86-aa87-926bd1df5504-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Bitcoin price fell to lows of $29,000 across major exchanges as liquidations rose 203% in 24 hours.<\/li>\n<li dir=\"ltr\">Total rekt positions was more than $150 million, with $124 million being longs.<\/li>\n<li dir=\"ltr\">The volatility saw over 50,000 traders liquidated in the past 24 hours.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin<\/a> extended its decline beneath $30,000 on Monday as the total crypto market value dipped by 2% to just over $1.2 trillion.<\/p>\n<p dir=\"ltr\">As BTC price touched $29,000 across major exchanges \u2013 it fell to $28,978 on Bitstamp and $28,973 on Coinbase \u2013 data showed total crypto liquidations in the past 24 hours surpassed $150 million.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\" style=\"width: 700px\"><span class=\"fr-img-wrap\"><\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/06\/24\/1690207725990-e5a2a228-9486-40a6-acfb-742e9622e4e2.png\" style=\"width: 700px\" class=\"fr-fic fr-dib\" width=\"700\" height=\"287\"\/><span class=\"fr-inner\"><span>Bitcoin price fell to lows of $28,973 on Coinbase on Monday. Source:\u00a0<a href=\"https:\/\/www.tradingview.com\/x\/HNokM4nM\/\" rel=\"noopener noreferrer\" target=\"_blank\">TradingView<\/a><\/span><\/span>\u00a0<\/p>\n<p><\/span><\/span><\/p>\n<h2 class=\"fr-img-space-wrap2\">Longs rekt as 24-hour liquidations hit $150 million<\/h2>\n<\/div>\n<p dir=\"ltr\">According to data from <a href=\"https:\/\/www.coinglass.com\/LiquidationData\" rel=\"noopener noreferrer\" target=\"_blank\">Coinglass<\/a>, the 24-hour liquidation was double the figure recorded a day earlier. Indeed, total positions rekt in the period rose 203%, with longs accounting for the largest share at over $124 million.\u00a0<\/p>\n<p dir=\"ltr\">Shorts accounted for about $26 million to suggest that most of the 50,364 traders who were liquidated as of writing were longs.<\/p>\n<p dir=\"ltr\">BTC had the single largest liquidation order at $2.57 million on the OKX crypto exchange.<\/p>\n<p dir=\"ltr\">Just like Bitcoin, many altcoins extended recent declines as the market weakness ahead of the next FOMC meeting intensified. Ethereum fell to lows of $1,830 and XRP dipped to $0.69 as its market cap declined to allow BNB retake the fourth spot among large caps.<\/p>\n<p dir=\"ltr\">But as top altcoins stumbled on Monday, <a href=\"https:\/\/coinjournal.net\/dogecoin\/\">Dogecoin<\/a> rose by more than 6% amid ELon Musk\u2019s latest changes to the Twitter platform. Data shows $1.19 million in short liquidations hit DOGE traders.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-touches-29k-as-liquidations-hit-150-million\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Bitcoin price fell to lows of $29,000 across major exchanges as liquidations rose 203% in 24 hours. Total rekt positions was more than $150 million, with $124 million being longs. The volatility saw over 50,000 traders liquidated in the past 24 hours. Bitcoin [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":22490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22489"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22489"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22490"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}