Over $400M in Liquidations as BTC Slumps to 13-Day Lows, SHIB and DOGE Plummet by 13%

Over $400M in Liquidations as BTC Slumps to 13-Day Lows, SHIB and DOGE Plummet by 13%

Bitcoin’s price has been on the decline for the past several days and the landscape worsened earlier this morning when the asset fell to a 13-day low of under $64,500.
The altcoins are in even worse shape, and the total liquidations have skyrocketed to more than $400 million on a daily scale.
BTCUSD. Source: TradingView
As the chart above shows, the last time Bitcoin had such a price tag was after it broke the 2021 ATH of $69,000 and dumped hard by about ten grand in hours. In the next week or so, the cryptocurrency went on a roll, shot above $70,000, and reached a fresh peak of nearly $74,000 last Thursday (March 14).
Since then, though, the asset has failed to continue or keep its momentum going. It dumped by more than $8,000 on Friday and failed at overcoming $70,000 during the weekend.
The start of the current business week saw another decline on Monday, followed by an unsuccessful recovery attempt. The last 24 hours brought even more pain as BTC dumped to $64,400 for the first t

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