Hopes for a quick inversion of the crypto weekend plunging Monday with Bitcoin By sliding below $ 110,000, barely before its price of $ 109,400, then the euphoric was hit before the inauguration of President Trump.
The greatest attempt to recover cryptography was quickly rejected at $ 113,000 during the American session, and it has fallen in a hurry to a level of seven weeks of low prices, Coindesk prices. Recently, the BTC exchanged $ 109,700, down 2.7% in the last 24 hours and has dropped by about 7% since the disclosure of $ 117,000 in wake of Jay Powell’s speech by Jay Powell, Jay-Bord, Jackson Hole.
While the main Altcoins resisted relatively well during the Sunday accident, they died of the weakness of the market on Monday. Etherum ether (Eth) dropped by almost 8% in the last 24 hours below $ 4,400. Solana soil (GROUND)Dogecoin Cardano Chaincold also decreased from 6% to 8%.
Today’s price swing has liquidated nearly $ 700 million in leveraging commercial positions in all cryptographic derivatives, exceeding Sunday flush hunting, according to Coringlass data. Some $ 627 million in liquidated transactions provided higher prices.
What can still scare merchants are the low seasonality at the end of August. September has historically brought the lowest yields for the BTC and ETH with losses of 3.77% and 6.42% on average for the month, respectively, according to Coinglass data.
UPDATE (August 25, 20:28 UTC):: Add liquidation data by quince.
