Dogecoin Slumps 10% Amid Bitcoin's Slide to $96K, $560M Long Positions Liquidated

Quick Summary:

"History shows these dips often pave the way for bigger bullish movements, especially with where we are in the market cycle now,” one market watcher said, as some foresee a shaky period in January.

Losses in crypto tracked those in U.S.stocks.

A liquidation occurs when an exchange forcefully closes a trader's leveraged position due to the inability to meet the margin requirements.

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Article Details

Author / Journalist: Shaurya Malwa

Category: Crypto

Markets: United StatesCubaSingapore

Topics: Cycle Crypto Data Shows Treasury Prices January Coindesk Market Bitcoin Bullish

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 07:11:06 (1 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 415 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 19 words per sentence (average)

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

Copyright Owner: © CoinDesk

News ID: 24971182

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About CoinDesk

Main Topics: Crypto

Official Website: coindesk.com

Year Established: 2013

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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Publisher ID: #8

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