Bitcoin: Why you should brace for a crash to $53k after the latest dip

Quick Summary:

After Bitcoin's crash to $57k, analysts predict a bigger drop.

Additionally, if this happens then nearly $1 billion worth of long positions liquidate, according to Coinglass data.

Top altcoins, including Ethereum, Solan, BNB, XRP , and Dogecoin experienced notable price drops.

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Article Details

Author / Journalist: Ann Maria Shibu

Category: Crypto

Markets: United States

Topics: Ambcrypto News Bitcoin Social News 1 Trading View BTC Trading View

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-04 @ 17:00:32 (3 days ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 440 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 21483271

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 16 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

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