The total crypto market cap fell by $82B, nearing $3T support.
SAND led altcoin losses, plunging 18% in 24 hours.
The cryptocurrency market continues its slide, shedding $82 billion in the past 24 hours. The total crypto market capitalization now stands at $3.19 trillion, nearing critical support at $3 trillion. Bitcoin’s (BTC) price fell by 5.68%, trading at $92,981.58, while Ethereum and Dogecoin also suffered significant liquidations.
Liquidation events spiked, with over $518.3 million wiped out across 159,554 traders. Long positions bore the brunt, accounting for $389.13 million. Bitcoin saw $56 million in liquidations, marking the highest single-day-long liquidations in a week. Ethereum and DOGE followed, losing $32 million and $21 million, respectively.
The market’s bearish momentum aligns with readings from the Moving Average Convergence Divergence (MACD) indicator. The MACD line poised to cross below the signal line confirms increasing selling pressure. If sell
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