Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Why are cryptocurrencies like Bitcoin, Ethereum, and XRP crashing?
ALTCOIN NEWS

Why are cryptocurrencies like Bitcoin, Ethereum, and XRP crashing?

By Crypto FlexsJanuary 3, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Why are cryptocurrencies like Bitcoin, Ethereum, and XRP crashing?
Share
Facebook Twitter LinkedIn Pinterest Email

  • Bitcoin plunged to $42,500, sparking a widespread market crash.
  • One-hour trading volume increased while many long positions were wiped out.

Enthusiasm for the 2024 Bitcoin (BTC) bull market has faced a setback, with the price down 4.85% in the past hour at press time.

According to CoinMarketCap, BTC opened above $44,000 on January 3, with many predicting that the coin would reach $50,0000 before the end of the month.

However, everything may be off for now, as BTC’s price at press time was just above $42,500. Moreover, Bitcoin was not the only cryptocurrency affected.

Solana (SOL) fell 7% in an hour and XRP fell 12%. Ethereum (ETH) also joined, plummeting 5.30%.

Will Bitcoin ETF be delayed?

At press time, AMBCrypto discovered that Matrixport reported shortly before the dump that the US SEC would not approve a Bitcoin ETF this month.

This news caused panic throughout the market. Additionally, economist and trader Alex Kruger previously noted that a collapse is coming.

In addition, Bitcoin trading volume soared accordingly. At press time, BTC trading volume exceeded $40 billion. This was evidence of high selling pressure. The liquidation also affected traders, especially buyers.

According to Coinglass, more than $500 million was lost according to Liquidation HeatMap. Bitcoin took a big part of the hit, at $72.13 million.

Details from HeatMap also show that buying was the most affected.

Liquidation Heat Map

Source: Coinglass

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

BONK price broke a two-month consolidation and hit another milestone.

May 23, 2024

Total encryption market caps can record $ 4 trillion in the second quarter -analysts

March 7, 2025

Crypto30x.com | Navigate the Crypto Market with Precision

January 13, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.