Cryptocurrency Market Loses $343 Million As Bitcoin Falls to $113k
The cryptocurrency market dip continues its downward trajectory after one of its most significant rallies in July. According to CoinGlass liquidation data, the cryptocurrency market has experienced $343 million in liquidations over the last 24 hours. The sell-off comes as Bitcoin’s (BTC) price falls to the $113,000 level. Source: CoinGlass Bitcoin Falls, Others Follow Source: Watcher.Guru BTC’s price has dipped to the $113,000 level for the first time in nearly one month. According to CoinGecko’s BTC data, the asset is down 0.8% in the daily charts, 4% in the weekly charts, and 4.4% in the 14-day charts. BTC has maintained some gains in the monthly and yearly charts, rallying 3.6% and 104%, respectively. Source: CoinGecko Bitcoin (BTC) and the larger cryptocurrency market dip was likely triggered by the Federal Reserve’s decision to keep interest rates unchanged. The worse-than-expected jobs data may have further spooked market participants. According to the Bure...