{"id":326027,"date":"2024-06-18T23:45:39","date_gmt":"2024-06-18T18:15:39","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=326027"},"modified":"2024-06-18T23:45:39","modified_gmt":"2024-06-18T18:15:39","slug":"markets-drop-as-altcoin-liquidations-top-440-million-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/markets-drop-as-altcoin-liquidations-top-440-million-crypto-news\/","title":{"rendered":"Markets Drop as Altcoin Liquidations Top $440 Million – Crypto News"},"content":{"rendered":"

<\/p>\n

Overall crypto market capitalization has fallen to $2.45 trillion, with nearly all top 100 digital assets posting losses in the past 24 hours.<\/p>\n

\n

Crypto markets declined for a second day, with total market capitalization falling by 3% amid hundreds of millions of dollars worth of leveraged liquidations.<\/p>\n

Bitcoin<\/a> dropped by 2%, while Ethereum<\/a> fell 3%. Polkadot and Solana plummeted by 6%.<\/p>\n

SOL Price<\/figcaption><\/figure>\n

Altcoins are having a particularly rough day, with major tokens like FTM, ENA, SUI and UNI posting losses of between 13% and 17%. Meanwhile, Bitcoin dominance has spiked above 56% for the first time since March.<\/p>\n

\"tweet<\/figure>\n

Liquidations top $440 million<\/h2>\n

According to CoinGlass<\/a>, 161,137 traders were liquidated within the last 24 hours, amounting to a total of $443.93 million. ETH suffered $75 million in long liquidations, while Bitcoin was hit by $47 million.<\/p>\n

Digital asset firm 10xResearch pointed out a correlation between the altcoin crash and a decrease in spot Bitcoin ETF flows over the last week.<\/p>\n

\u201cThe market poorly digested the massive token unlocks from Aptos $97m, IMX $51m, STRK $75m, SEI $62m, ARB $90, APE $18m, and UNI $90m\u2014a total of $483m. Early investors and VC investors appear under pressure to cash out. These flows are dragging down BTC,\u201d the firm noted<\/a>.<\/p>\n

Data from Farside indicates<\/a> that on June 17, Bitcoin spot ETFs recorded over $145 million in outflows.<\/p>\n

Crypto analyst Michael Van de Poppe believes the crypto markets continue to fall, as we’re approaching the final capitulation phase for altcoins.<\/p>\n

\u201cThat’s part of the cycle, and I’ve witnessed this before in 2020,\u201d he said<\/a>.<\/p>\n

Meanwhile, U.S. stock markets remained almost unchanged on Tuesday morning as investors evaluated the economy following weak retail sales data. Retail sales rose by 0.1% in May, slightly below the 0.2% growth forecasted by economists polled by Dow Jones. On a yearly basis, sales increased by 2.3%.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Overall crypto market capitalization has fallen to $2.45 trillion, with nearly all top 100 digital assets posting losses in the past 24 hours. Crypto markets declined for a second day, with total market capitalization falling by 3% amid hundreds of millions of dollars worth of leveraged liquidations. Bitcoin dropped by 2%, while Ethereum fell 3%. […]<\/p>\n","protected":false},"author":2,"featured_media":326034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-326027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/326027","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=326027"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/326027\/revisions"}],"predecessor-version":[{"id":326039,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/326027\/revisions\/326039"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/326034"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=326027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=326027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=326027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}