{"id":18099,"date":"2024-10-26T10:13:34","date_gmt":"2024-10-26T07:13:34","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-dips-below-66000-amid-market-volatility\/"},"modified":"2024-10-26T10:13:34","modified_gmt":"2024-10-26T07:13:34","slug":"bitcoin-dips-below-66000-amid-market-volatility","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-dips-below-66000-amid-market-volatility\/","title":{"rendered":"Bitcoin Dips Below $66,000 Amid Market Volatility"},"content":{"rendered":"<p>In the early hours of Saturday, October 26, the price of the leading cryptocurrency briefly fell below the $66,000 mark.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-10-26-v-09.51.22-1024x640.png\" alt=\"Snimok-ekrana-2024-10-26-v-09.51.22\" class=\"wp-image-243959\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-10-26-v-09.51.22-1024x640.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-10-26-v-09.51.22-300x188.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-10-26-v-09.51.22-768x480.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-10-26-v-09.51.22-1536x960.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-10-26-v-09.51.22-2048x1280.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of BTC\/USDT on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>At the time of writing, Bitcoin is trading above $67,100. According to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">CoinGecko<\/a>, the digital gold has lost 0.7% over the past day. The asset&#8217;s market capitalization exceeds $1.3 trillion.<\/p>\n<p>The likely cause of the temporary market correction was Israel&#8217;s attack on Iran.<\/p>\n<p>All digital assets in the top 10 by market capitalization followed Bitcoin into the &#8220;red zone.&#8221; Solana (-3.4%) and Dogecoin (-3.3%) were the biggest losers over the past day.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"593\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-10-26-v-09.54.19-1024x593.png\" alt=\"Snimok-ekrana-2024-10-26-v-09.54.19\" class=\"wp-image-243960\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-10-26-v-09.54.19-1024x593.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-10-26-v-09.54.19-300x174.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-10-26-v-09.54.19-768x445.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-10-26-v-09.54.19-1536x890.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-10-26-v-09.54.19-2048x1186.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: CoinGecko.<\/figcaption><\/figure>\n<p>The total market capitalization of digital assets stands at $2.38 trillion. Bitcoin&#8217;s dominance index is 59.4%.<\/p>\n<p>According to <a href=\"https:\/\/www.coinglass.com\/LiquidationData\">Coinglass<\/a>, the total volume of liquidated positions over the past day amounted to $391 million, with $321 million in long positions.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"347\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-10-26-v-10.00.29-1024x347.png\" alt=\"Snimok-ekrana-2024-10-26-v-10.00.29\" class=\"wp-image-243961\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-10-26-v-10.00.29-1024x347.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-10-26-v-10.00.29-300x102.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-10-26-v-10.00.29-768x260.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-10-26-v-10.00.29-1536x521.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-10-26-v-10.00.29-2048x694.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Liquidation map. Data: Coinglass.<\/figcaption><\/figure>\n<p>On Monday, October 21, the leading cryptocurrency tested the $69,000 level. A week prior, the asset was trading below $60,000.<\/p>\n<p>Analysts at Bernstein reiterated their forecast of Bitcoin reaching $200,000 by the end of 2025, describing it as &#8220;conservative.&#8221; They highlighted the investment appeal of the leading cryptocurrency amid rising U.S. national debt and inflation threats.<\/p>\n<p>Jeff Kendrick, head of digital asset research at Standard Chartered, stated that Bitcoin will surpass its historical high of $73,000 amid the U.S. elections. He believes this could occur on November 5.<\/p>\n<p>Analysts at Hashkey Capital emphasized that merely surpassing the historical high is insufficient to trigger an altcoin season. In their view, Bitcoin must reach $76,000-$108,000 for this to happen.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the early hours of Saturday, October 26, the price of the leading cryptocurrency briefly fell below the $66,000 mark. Hourly chart of BTC\/USDT on Binance. Data: TradingView. At the time of writing, Bitcoin is trading above $67,100. According to CoinGecko, the digital gold has lost 0.7% over the past day. The asset&#8217;s market capitalization [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480],"class_list":["post-18099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=18099"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18099\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/18098"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=18099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=18099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=18099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}