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The post <a href="https://coinpedia.org/crypto-live-news/crypto-carnage-bitcoin-crashes-below-54k-ethereum-plummets-30-in-last-7-days/" rel="noopener noreferrer nofollow">Crypto Carnage: Bitcoin Crashes Below $54K, Ethereum Plummets 30% In Last 7 Days!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The crypto market’s turbulence has intensified, with Bitcoin plummeting to $54,000, marking a 7.31% intraday drop and a 17% decline over four days. This sharp descent has pushed BTC below its 200-day EMA, with a downtick in the 50-day EMA signaling a looming death cross.
Ethereum has also faced significant losses, falling to $2,350, a 30% decrease in seven days. Amidst this, long liquidations have skyrocketed to $1.75 billion from July 29 to August 5, peaking at $438 million on August 5.

Crypto Carnage: Bitcoin Crashes Below $54K, Ethereum Plummets 30% In Last 7 Days!

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