Dogecoin's 11% Drop Leads Losses in Crypto Majors as Bitcoin Sours Festive Mood

Quick Summary:

"We believe the root cause of the morning’s crash to be the market’s overly bullish positioning,” QCP traders said in a Friday note.

That spread over to futures markets, with over $890 million in long and short liquidations in the past 24 hours.

The broad-based CoinDesk 20 (CD20), an index of the largest tokens by market cap, fell 5.5%.

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Article Details

Author / Journalist: Shaurya Malwa

Category: Crypto

Markets: United StatesCubaSingapore

Topics: Crypto Overly Bitcoin Drop Assets Market Market’s Losses Bullish Crash Coindesk

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 06:28:25 (4 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 420 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © CoinDesk

News ID: 24598879

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About CoinDesk

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 10 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

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