Major

Bitcoin

Impact

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/altcoins-suffer-major-losses-in-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">Altcoins Suffer Major Losses in Market</a><br></p>
<p style="text-align: justify">Recent fluctuations in cryptocurrency trading have resulted in significant losses for altcoins, with some experiencing drops of up to 20% within minutes. This volatility can be linked to increased trading volumes and sudden liquidity changes in futures markets.</p>
<h2 style="text-align: justify" id="how-will-upcoming-inflation-data-impact-markets">How Will Upcoming Inflation Data Impact Markets?</h2>
<p style="text-align: justify">As the market braces for U.S. inflation data set to be released on Wednesday, traders are on alert for unforeseen shifts. <a href="https://en.bitcoinhaber.net/bitcoins-market-movement-analysts-highlight-significant-support-and-resistance-levels" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s value crossed the $100,000 mark, raising concerns over potential price volatility. The surge in futures trading has already led to noticeable market declines.</p>
<h2 style="text-align: justify" id="what-factors-contributed-to-altcoin-drops">What Factors Contributed to Altcoin Drops?</h2>
<p style="text-align: justify">The decline in altcoins has been particularly sharp, with many witnessing drops exceeding 2%. For instance, SHIB fell by 20%, <a href="https://en.bitcoinhaber.net/dogecoin-a-meme-coins-resurgence-in-the-cryptocurrency-arena" data-wpel-link="internal" rel="noopener noreferrer nofollow">DOGE</a> by 13%, and <a href="https://en.bitcoinhaber.net/xrp-trading-volume-surges-despite-crypto-market-downturn" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> by 15%. Bitcoin also saw a decrease to $94,150, prompting panic selling among traders who are wary of short-term volatility risks just before the crucial inflation data release.</p>
<p style="text-align: justify">During this tumultuous trading period, the overall market capitalization of cryptocurrencies dropped by 5.7%, with Bitcoin reclaiming over 55% market dominance. In a single hour, nearly $850 million in long positions were liquidated, highlighting the intense market pressure.</p>
<ul>
 <li>Altcoins fell sharply, with some losses reaching 20%.</li>
 <li>Bitcoin surpassed $100,000, sparking volatility concerns.</li>
 <li>A significant panic sell-off occurred ahead of crucial inflation data.</li>
 <li>The total market value of cryptocurrencies decreased by 5.7%.</li>
 <li>Over $850 million in long positions were liquidated in one hour.</li>
</ul>
<p style="text-align: justify">Traders are now closely monitoring the situation as they await the inflation data, which could further influence market dynamics. The cryptocurrency landscape remains precarious, with participants bracing for continued fluctuations.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/altcoins-suffer-major-losses-in-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">Altcoins Suffer Major Losses in Market</a></h5>

Altcoins Suffer Major Losses in Market

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