Crypto Following the increasing volume and rising prices in currencies, volatility began to grow further. We saw drops of up to 20 percent in altcoins in just minutes. Increasing volumes and liquidity blocks, especially in futures transactions, pave the way for such sudden movements.
Cryptocurrencies Dropped
will arrive on wednesday US inflation data Beforehand, there was an expectation of surprise movements in the markets. Today BTC We shared warnings that larger fluctuations may occur after exceeding 100 thousand dollars. As expected, an exciting decline was triggered following intense demand in futures.
The decline in altcoins exceeded 2 percent. At the time of writing, SHIB was down 20%, DOGE was down 13%, and XRP was down 15%. ETH price pinpoints $3,400 levels BTC It dropped to $94,150. Investors worried about the risk of short-term volatility against the bulls before the data to be released on Wednesday also made panic sales to support the speculative decline.
While the total market value of cryptocurrencies decreased by 5.7%, Bitcoin $98,523.4 its dominance exceeded 55% again.
Nearly 850 million dollars of long positions were liquidated in the last hour alone.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
