{"id":174983,"date":"2023-10-16T14:36:05","date_gmt":"2023-10-16T09:06:05","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=174983"},"modified":"2023-10-16T14:36:05","modified_gmt":"2023-10-16T09:06:05","slug":"bitcoins-rally-near-28000-sparks-75-million-in-market-liquidations-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoins-rally-near-28000-sparks-75-million-in-market-liquidations-crypto-news\/","title":{"rendered":"Bitcoin\u2019s rally near $28,000 sparks $75 million in market liquidations – Crypto News"},"content":{"rendered":"

<\/p>\n

Quick Take<\/h2>\n

Bitcoin exhibited a price surge of more than 2.5% in the last 24 hours and an overall increase of 4% across the weekend, positioning it just under the noteworthy $28,000 mark.<\/p>\n

This uptick in Bitcoin\u2019s value has had a significant ripple effect on the broader crypto market, instigating a total of $75 million in liquidations in the past 24 hours. Of this amount, Bitcoin\u2019s price surge alone prompted $30 million in short liquidations. An analysis of the liquidations reveals a predominance of short liquidations, accounting for $62 million, while long liquidations made up the remaining $13 million.<\/p>\n

In addition, the Ethereum\/Bitcoin ratio, a reliable indicator of Bitcoin\u2019s performance, registered a new low, declining by 1% over the past 24 hours to the current price of 0.0567. This dip underscores Bitcoin\u2019s prevailing strength. Concurrently, Bitcoin\u2019s dominance ratio has surpassed 51.3%, positioning itself on the cusp of a new year-to-date high, which, if achieved, would exceed 52%.<\/p>\n

Liquidations: (Source: Coinglass)<\/figcaption><\/figure>\n
\"ETH\/BTC
ETH\/BTC & Bitcoin Dominance: (Source Trading View)<\/figcaption><\/figure>\n

The post Bitcoin\u2019s rally near $28,000 sparks $75 million in market liquidations<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Quick Take Bitcoin exhibited a price surge of more than 2.5% in the last 24 hours and an overall increase of 4% across the weekend, positioning it just under the noteworthy $28,000 mark. This uptick in Bitcoin\u2019s value has had a significant ripple effect on the broader crypto market, instigating a total of $75 million […]<\/p>\n","protected":false},"author":2,"featured_media":174984,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-174983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=174983"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174983\/revisions"}],"predecessor-version":[{"id":174990,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174983\/revisions\/174990"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/174984"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=174983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=174983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=174983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}