BTC Dump Strongly Reaches $21,500, ETH Closes To Touch $1,700
The market prospered not long ago, on August 19, BTC and ETH showed signs of a sharp decrease, the market was in the red again.
At the beginning of the new day, the cryptocurrency market witnessed a sudden “turn” that caused the price of Bitcoin (BTC) to flash dump to the milestone of $21,500. The 1H candle with a top from $22,800 dumped straight down to $21,887.
Ethereum is also not immune to a sell-off. ETH price once dumped as far as $1,723, approaching the $1,700 mark.
In the past 4 hours, there were $233 million of assets liquidated, of which 87% were long orders. BTC orders were liquidated the most with a total value of $110 million.
The market is in the midst of a lot of bad news regarding OFAC sanctions against Tornado Cash as well as the increasingly common DNS attacks of yesterday that Celer Network’s cBridge has become a victim. next kernel of this attack method.
On the macro side, UK inflation rose to a 40-year high, contributing to growing concerns about a global recession.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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BTC Dump Strongly Reaches $21,500, ETH Closes To Touch $1,700
The market prospered not long ago, on August 19, BTC and ETH showed signs of a sharp decrease, the market was in the red again.
At the beginning of the new day, the cryptocurrency market witnessed a sudden “turn” that caused the price of Bitcoin (BTC) to flash dump to the milestone of $21,500. The 1H candle with a top from $22,800 dumped straight down to $21,887.
Ethereum is also not immune to a sell-off. ETH price once dumped as far as $1,723, approaching the $1,700 mark.
In the past 4 hours, there were $233 million of assets liquidated, of which 87% were long orders. BTC orders were liquidated the most with a total value of $110 million.
The market is in the midst of a lot of bad news regarding OFAC sanctions against Tornado Cash as well as the increasingly common DNS attacks of yesterday that Celer Network’s cBridge has become a victim. next kernel of this attack method.
On the macro side, UK inflation rose to a 40-year high, contributing to growing concerns about a global recession.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
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