Bitcoin’s Monday push toward 65600 crashed hard into a ten-day low after every gain got wiped out. 🌑 Altcoins tumbled right behind it sending daily liquidations soaring near 700 million. 💉
The chart shows BTC clinging to 64000 over the weekend before spiking to that 65600 peak only to get rejected twice. 🕷️ The second drop sliced nearly 3000 dollars in hours and landed price at 63000 for the first time since July 17.
Analyst warns of fresh lows ahead 🦇
Popular analyst CRYPTOWZRD weighed in on the drop and noted the bearish close. They stressed BTC must hold the 63000 support or risk sliding into new local lows.
[Embedded tweet from https://x.com/cryptoWZRD_/status/2081921727462887657 showing CRYPTOWZRD’s bearish analysis on BTC]
ETH had surged to a two-month high near 1980 yesterday yet lost 100 dollars and now trades under 1900. XRP slipped 4.5 percent to 1.06 breaking below 1.10 while SOL fell a similar amount and HYPE dropped 6 percent. 🔪
Expectedly the move wrecked over-leveraged traders with more than 165000 positions liquidated in 24 hours pushing totals near 700 million. BTC and ETH led the carnage.
This morning’s crash arrived just one day before the US Federal Reserve interest rate decision and the uncertainty around any hike hit risk assets like crypto. 🕸️✨🖤
Just another echo from the void by iconofsin.eth 💖
