{"id":179974,"date":"2023-10-24T14:00:01","date_gmt":"2023-10-24T08:30:01","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=179974"},"modified":"2023-10-24T14:00:01","modified_gmt":"2023-10-24T08:30:01","slug":"bitcoins-climb-past-35000-triggered-over-221-million-in-liquidations-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoins-climb-past-35000-triggered-over-221-million-in-liquidations-crypto-news\/","title":{"rendered":"Bitcoin\u2019s climb past $35,000 triggered over $221 million in liquidations &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<h2>Quick Take<\/h2>\n<p>A remarkable spike in Bitcoin\u2019s value during the early hours (UTC) has precipitated a slew of liquidations across the cryptocurrency market, underscoring once again the high volatility of the digital asset sector.<\/p>\n<p>As per the data, Bitcoin crossed the $35,000 threshold around 2 a.m., setting off a domino effect of liquidations totaling over $221 million. This event was a significant contributor to the $400 million in liquidations witnessed across the entire digital currency market in the past 24 hours.<\/p>\n<p>The bulk of these liquidations, approximately $300 million, were attributed to the short side. This indicates a widespread closure of positions that gambled on Bitcoin\u2019s value falling rather than rising.<\/p>\n<figure id=\"attachment_367464\" aria-describedby=\"caption-attachment-367464\" style=\"width: 1186px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-367464\" class=\"wp-caption-text\">Liquidations: (Source: Coinglass)<\/figcaption><\/figure>\n<p>The post <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/insights\/bitcoins-climb-past-35000-triggered-over-221-million-in-liquidations\/\">Bitcoin\u2019s climb past $35,000 triggered over $221 million in liquidations<\/a> appeared first on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\">CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick Take A remarkable spike in Bitcoin\u2019s value during the early hours (UTC) has precipitated a slew of liquidations across the cryptocurrency market, underscoring once again the high volatility of the digital asset sector. As per the data, Bitcoin crossed the $35,000 threshold around 2 a.m., setting off a domino effect of liquidations totaling over [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":179975,"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-179974","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\/179974","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=179974"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179974\/revisions"}],"predecessor-version":[{"id":179976,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/179974\/revisions\/179976"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/179975"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=179974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=179974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=179974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}