Bitcoin’s Price Slides To $44K With The Total Market Shedding $100B

Bitcoin’s price slides to $44K as the total market cap erased $100B from its value and BTC lost 4% of its dollar value over the past day as we can see more today in our latest Bitcoin news.

The past 24 hours brought a correction to the crypto market which saw around $100 billion being wiped off the total cap. This was a direct result of Bitcoin’s price dropping to $44K with the rest of the coins following suit. Bitcoin had a run-up to $48,000 and marketing of eight days in total closed in the green this all changed on March 30 when the daily candle closed at a loss. Over the past day, BTC lost 4% of its value and dipped to above $44,000 causing the market to drop.

Bitcoin’s price slides to $44K with the price managing to recover at around $45,200 where it now trades. However, the crash caused a total of $121 million worth of liquidated positions on various leverage BTC markets in the past day with most of it happening on Binance and were represented by another 80% longs. The large single liquidation order happened on BitMEX and had a face value of $4.95 million. The heatmap above makes it evident that most of the crypto markets are trading in the red today with one apparent exception SOL and that’s up more than 2% in the same timeframe.

Ethereum lost 3.5%, XRP lost about 5%, ADA lost about 4.68%, and so on. Today’s biggest winner seems to be GMT which increased 40.6% in the past day and a whopping 308% in the past week followed by ZIL being up by 13%. on the other side, GALA dropped by 9.5% and HNT by 8.9%.

As earlier reported, Bitcoin dived again and started showing fresh signs of an impending correction as the BTC price action started to eat away at the last weekend’s CME futures gap. The data from TradingView shows that the BTC/USD pair spiked down by $1000 in a few minutes on Bitstamp after the latest WAll Street Opening. The pair ranged after failing to cement $48,000 as support in the week amid the calls for a retest of the low levels as a needed step against the considerable gains. At the time of writing, BTC circled around $46,700 after it had its lowest levels since March 27. looking at the CME futures charts we can see short-term price performances that can have a downside target in a form of a gap that Is left the last weekend.