Wait a quick investment of the fall of the weekend crypto hesitated Monday with Bitcoin Sliding up to $ 110,000, just ahead of its euphoric price of $ 109,400 moved ahead of the opening of President Trump President.
The largest Crypto recovery attempt was rapidly rejected at $ 113,000 during the US session, and precipitatedly fell to a minimum of seven weeks, according to Coindesk prices. Recently, BTC quoted at $ 109,700, 2.7% less in the last 24 hours and lower by approximately 7% since it rose above $ 117,000 following Jackson Hole’s speech on Friday dovish of the president of the Fed Powell.
While the main Altcoins remained relatively well during the Sunday accident, succumbed to the weakness of the market on Monday. Ethereum’s Ether (Eth) It limited almost 8% in the last 24 hours below $ 4,400. Solana sun (SUN)Dogecoin Cardano Chainlink It also decreased 6%-8%.
Today’s price swing liquidated almost $ 700 million in negotiation positions leveraged in all cryptographic derivatives, exceeding Sunday’s discharge, according to coinglase data. About $ 627 million of the liquidated operations were long that anticipated higher prices.
What can scare merchants more is weak seasonality as the end of August is approaching. September has historically brought the weakest returns for BTC and ETH with 3.77% and 6.42% of losses on average for the month, respectively, according to the caramel data.
UPDATE (August 25, 20:28 UTC): Add liquidation data by coinglase.
