Recent fluctuations in cryptocurrency trading have led to significant losses for altcoins, with some seeing drops of up to 20% in a matter of minutes. This volatility may be linked to increased trading volumes and sudden changes in liquidity in futures markets.
What impact will the upcoming inflation data have on the markets?
As the market prepares for the release of US inflation data on Wednesday, traders are on alert for unexpected changes. Bitcoin’s value has crossed the $100,000 mark, raising concerns about potential price volatility. The surge in futures trading has already led to notable market declines.
What Factors Contributed to the Fall of Altcoins?
The decline in altcoins was particularly sharp, with many seeing declines of more than 2%. For example, SHIB fell by 20%, DOGE by 13%, and XRP by 15%. Bitcoin also saw a drop to $94,150, sparking panic selling among traders wary of short-term volatility risks just before the release of crucial inflation data.
During this tumultuous period, the overall cryptocurrency market cap fell by 5.7%, with Bitcoin regaining over 55% of market dominance. Within an hour, nearly $850 million in long positions were liquidated, highlighting the intense market pressure.
Altcoins fell sharply, with some losses reaching 20%.
Bitcoin has surpassed $100,000, raising concerns about volatility.
A major panic occurred before the release of crucial inflation data.
The total market value of cryptocurrencies decreased by 5.7%.
More than $850 million of long positions were liquidated in one hour.
Traders are now closely monitoring the situation as they await inflation data, which could further influence market dynamics. The cryptocurrency landscape remains precarious as participants brace for continued fluctuations.#Volatilité #bearmarket #cryptonews