Shiba

Dogecoin

Rally

Shiba Inu

After roughly a week of gains and charting consecutive all-time highs, bitcoin’s run has finally cooled off as the asset was rejected twice at the $90,000 level.
As expected, the more volatile by nature altcoins have experienced even more turbulent corrections over the past day, leaving almost 300,000 traders wrecked.
<figure id="attachment_370352" aria-describedby="caption-attachment-370352" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-17.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-370352" src="https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-17.png" alt="Bitcoin/Price/Chart 13.11.2024. Source: TradingView" width="1835" height="819" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-17.png 1835w, https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-17-300x134.png 300w, https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-17-1024x457.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-17-768x343.png 768w, https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-17-1536x686.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-17-50x22.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-370352" class="wp-caption-text">
 Bitcoin/Price/Chart 13.11.2024. Source: TradingView
 </figcaption>
</figure>
It was nothing short of a mindblowing week for bitcoin, which started with Donald Trump’s win in the 2024 US presidential elections last Wednesday. The asset started to gain traction even before the results were official due to Trump’s substantial lead.
It flew past its March ATH of $73,737 last Wednesday and kept pumping in the following days. During the weekend, it broke above $80,000 and soared by about eight grand on Monday. The bulls initiated another rally yesterday that <a href="https://cryptopotato.com/ripple-xrp-finally-awakes-with-12-daily-surge-bitcoin-btc-briefly-touched-90k-market-watch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">drove</a> the cryptocurrency to $90,000 on a couple of occasions.
However, it failed to overcome that level after all, at least for now, and the subsequent rejections pushed it south by up to $5,000. As of now, BTC trades below $87,000, down by over 2% on a daily scale.
Many altcoins have retraced even harder. DOGE, which has been at the <a href="https://cryptopotato.com/doge-price-soars-150-weekly-but-this-exploding-metric-hints-at-further-gains/" data-wpel-link="internal" rel="noopener noreferrer nofollow">forefront</a> of this massive rally, is down by 10% to under $0.37. The OG meme coin peaked at $0.44 yesterday.
Cardano, which also was a massive gainer due to a recent Hoskinson <a href="https://cryptopotato.com/cardano-ada-soars-30-daily-as-founder-charles-hoskinson-makes-big-announcement/" data-wpel-link="internal" rel="noopener noreferrer nofollow">announcement</a>, is down by 10.5% to $0.53.
Shiba Inu has dumped the most from the larger-cap alts, <a href="https://cryptopotato.com/shiba-inu-enters-top-10-by-surpassing-trx-ton-following-weekend-surge/" data-wpel-link="internal" rel="noopener noreferrer nofollow">losing</a> its 10th spot to TRX. SHIB has plummeted by 17% and now struggles to remain above $0.000024.
This volatility has harmed over-leveraged long traders, with roughly 280,000 such market participants liquidated over the past 24 hours. The total value of liquidations is up to over $900 million, with longs responsible for the lion’s share.
<figure id="attachment_370353" aria-describedby="caption-attachment-370353" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-13-082953.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-370353" src="https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-13-082953.png" alt="Liquidation Heat Map. Source: CoinGlass" width="1366" height="448" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-13-082953.png 1366w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-13-082953-300x98.png 300w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-13-082953-1024x336.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-13-082953-768x252.png 768w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-13-082953-50x16.png 50w" sizes="(max-width: 1366px) 100vw, 1366px"></a>
 <figcaption id="caption-attachment-370353" class="wp-caption-text">
 Liquidation Heat Map. Source: CoinGlass
 </figcaption>
</figure>
The post <a href="https://cryptopotato.com/shiba-inu-dogecoin-retrace-by-double-digit-as-rally-cools-off-liquidations-up-to-900m/" rel="noopener noreferrer nofollow">Shiba Inu, Dogecoin Retrace by Double Digits as Rally Cools Off, Liquidations Up to $900M</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Shiba Inu, Dogecoin Retrace by Double Digits as Rally Cools Off, Liquidations Up to $900M

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