{"id":30500,"date":"2024-03-20T00:15:25","date_gmt":"2024-03-20T00:15:25","guid":{"rendered":"https:\/\/icoinmarket.com\/over-400m-in-liquidations-as-btc-slumps-to-13-day-lows-shib-and-doge-plummet-by-13\/"},"modified":"2024-03-20T00:15:25","modified_gmt":"2024-03-20T00:15:25","slug":"over-400m-in-liquidations-as-btc-slumps-to-13-day-lows-shib-and-doge-plummet-by-13","status":"publish","type":"post","link":"http:\/\/icoinmarket.com\/over-400m-in-liquidations-as-btc-slumps-to-13-day-lows-shib-and-doge-plummet-by-13\/","title":{"rendered":"Over $400M in Liquidations as BTC Slumps to 13-Day Lows, SHIB and DOGE Plummet by 13%"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>Bitcoin\u2019s price has been on the decline for the past several days and the landscape worsened earlier this morning when the asset fell to a 13-day low of under $64,500.<\/p>\n<p>The altcoins are in even worse shape, and the total liquidations have skyrocketed to more than $400 million on a daily scale.<\/p>\n<figure id=\"attachment_317567\" aria-describedby=\"caption-attachment-317567\" style=\"width: 1835px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-317567\" class=\"wp-caption-text\">BTCUSD. Source: TradingView<\/figcaption><\/figure>\n<p>As the chart above shows, the last time Bitcoin had such a price tag was after it broke the 2021 ATH of $69,000 and dumped hard by about ten grand in hours. In the next week or so, the cryptocurrency went on a roll, shot above $70,000, and reached a fresh peak of nearly $74,000 last Thursday (March 14).<\/p>\n<p>Since then, though, the asset has failed to continue or keep its momentum going. It dumped by more than $8,000 on Friday and failed at overcoming $70,000 during the weekend.<\/p>\n<p>The start of the current business week saw another decline on Monday, followed by an unsuccessful recovery attempt. The last 24 hours brought even more pain as BTC dumped to $64,400 for the first time since March 6.<\/p>\n<p>The alternative coins have suffered as well, with ETH dropping to under $3,400. SOL, which surpassed BNB as the fourth-largest cryptocurrency yesterday, is down by 9% and sits at $185. BNB itself has shed 8% of its value and trades below $530.<\/p>\n<p>The two largest meme coins \u2013 DOGE and SHIB \u2013 have both dropped by 13% in a day to $0.13 and $0.000025, respectively.<\/p>\n<p>This has resulted in a lot of pain for over 175,000 traders, which have been liquidated in the past day. The total value of wrecked positions is well over $400 million, with longs responsible for the lion\u2019s share.<\/p>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0; clear: both;\">\n<div><span style=\"font-size:11px; color: gray;\">SPECIAL OFFER (Sponsored)<\/span><br \/>\nBinance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).<\/div>\n<\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cryptopotato.com\/over-400m-in-liquidations-as-btc-slumps-to-13-day-lows-shib-and-doge-plummet-by-13\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s price has been on the decline for the past several days and the landscape&#8230;<\/p>\n","protected":false},"author":1,"featured_media":30501,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[25],"yoast_head":"<!-- This site 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