Cryptographic liquidations exceed $ 500 million such as Bitcoin, Ethereum and XRP sink in the weekend

Bitcoin It fell below the $ 109,000 brand on Friday, with other cryptocurrencies with it, such as submerged actions and other risk assets while merchants digested new inflation data.

The leading cryptocurrency was quoted at its lowest level since the beginning of July on Friday morning, New York time, at $ 108,617, Coingcko data shows.

For a 24 -hour period, Bitcoin has dropped about 4%. Updating even more and the cryptocurrency badly has received a success of 8% in the last 30 days. Earlier this month, the currency reached a new historical maximum of $ 124,128, but now it is 12% below that level.

EthereumHe also fell on the last day, erasing his profits in the last seven days after breaking his price record since 2021 last week. The second largest currency was to quote for almost $ 4,295, a 6% drop in the last 24 hours. The Ethereum record is $ 4,946, according to Sunday, with ETH around 13% since then.

The fall in cryptography prices has damaged futures merchants who yearned for digital coins and tokens, or betting on their prices to climb.

In the last 24 hours, $ 446 million have been liquidated in long positions in all cryptocurrencies, coinglase data shows. A total of $ 535 million have been liquidated in all positions, including shorts.

Other important currencies such as XRP were also sank: the third largest cryptocurrency was recently quoted for $ 2.84 after immersing itself in 6%; Solana fell 3% to reach a price of $ 209, falling after a maximum of six months above $ 217 on Thursday.

The price drop occurs after the Personal Consumer Expenses Index on Friday showed that central inflation extended to 2.9% in July, meetings estimates but higher than June.

The actions also fell on Friday, with the S&P 500 submerged 0.6% lower and Nasdaq lost 0.9%. Bitcoin and other cryptocurrencies have recently negotiated as US actions, since both classes of assets experience volatile price movements.

September is typically a bad month for Bitcoin, and actions, and analysts told Decipher That a more pronounced sales sale could occur during the month.

Even with the fall of Ethereum, Myriad Markets users still believe that ETH will recover and reach a new historical maximum of $ 5,000 by the end of the year, which gives it a 75% probability to occur. (Disclosure: Myriad is a product of Decipher‘S parent company, dastan.)