{"id":3819,"date":"2024-12-06T03:46:37","date_gmt":"2024-12-06T03:46:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3819"},"modified":"2024-12-06T03:46:37","modified_gmt":"2024-12-06T03:46:37","slug":"bitcoin-flash-crashes-ethereum-dogecoin-gain-as-overheated-crypto-market-takes-a-breather-top-analyst-asks-traders-to-hold-positions-and-buy-dips","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3819","title":{"rendered":"Bitcoin Flash Crashes, Ethereum, Dogecoin Gain As Overheated Crypto Market Takes A Breather: Top Analyst Asks Traders To Hold Positions And Buy Dips"},"content":{"rendered":"
\n

Bitcoin <\/strong>sharply fell on Thursday after its $100,000 milestone, even as other leading cryptocurrencies edged higher.<\/p>\n

<\/p>\n\n\n\n\n\n\n
Cryptocurrency<\/td>\nGains +\/-<\/td>\nPrice (Recorded at 8:15 p.m. ET)<\/td>\n<\/tr>\n
Bitcoin <\/strong>(CRYPTO: BTC<\/a>)<\/td>\n-0.64%<\/td>\n$97,587.81<\/td>\n<\/tr>\n
Ethereum<\/strong> (CRYPTO: ETH<\/a>)
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\n		+2.13%<\/td>\n$3,852.73<\/td>\n<\/tr>\n
Dogecoin<\/strong> (CRYPTO: DOGE<\/a>)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\n+2.42%<\/td>\n$0.4372<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

What Happened<\/strong>: The world\u2019s largest cryptocurrency plunged to $91,990 in a flash fall, a day after reaching a historic high of $100,000, before recovering to $97,000 overnight.<\/p>\n

Ethereum rose beyond $3,950 for the first time since mid-March, before falling into the $3,800 zone later in the day.<\/p>\n

The crash triggered cryptocurrency liquidations worth $969 million in the last 24 hours, with $774 million in leveraged longs getting wiped out.<\/p>\n

The liquidation of overleveraged longs cooled down the market as funding rates dropped considerably.<\/p>\n

Traders interpreted this as a bullish signal, as accounts on Binance placing long positions for Bitcoin surged sharply in comparison to those betting against the asset, per the Long\/Shorts Ratio.<\/p>\n

The market sentiment dropped from “Extreme Greed” to “Greed,” per the Cryptocurrency Fear & Greed Index, alleviating fears of more correction.<\/p>\n

Top Gainers (24-Hours)<\/strong><\/p>\n

<\/p>\n\n\n\n\n\n\n
Cryptocurrency<\/strong><\/td>\nGains +\/-<\/strong><\/td>\nPrice (Recorded at 8:15 p.m. ET)<\/strong><\/td>\n<\/tr>\n
JasmyCoin <\/strong>(JASMY)<\/td>\n+41.93%<\/td>\n$0.05756<\/td>\n<\/tr>\n
Peanut the Squirrel <\/strong>(PNUT)<\/td>\n+16.03%<\/td>\n$1.46<\/td>\n<\/tr>\n
Render …<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin sharply fell on Thursday after its $100,000 milestone, even as other leading cryptocurrencies edged higher. Cryptocurrency Gains +\/- Price (Recorded at 8:15 p.m. ET) Bitcoin (CRYPTO: BTC) -0.64% $97,587.81 Ethereum (CRYPTO: ETH)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 +2.13% $3,852.73 Dogecoin (CRYPTO: DOGE)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 +2.42% $0.4372 What Happened: The world\u2019s largest cryptocurrency plunged to $91,990 in a flash fall, a day […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3819","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3819"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3819\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}