{"id":88090,"date":"2023-12-11T09:36:33","date_gmt":"2023-12-11T07:36:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=88090"},"modified":"2025-09-13T15:53:21","modified_gmt":"2025-09-13T12:53:21","slug":"bitcoin-slips-below-the-42000-level","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-slips-below-the-42000-level\/","title":{"rendered":"Bitcoin slips below the $42,000 level"},"content":{"rendered":"

On Monday, December 11, the price of Bitcoin at one point briefly touched $40,411 on the Binance exchange. Over the past 24 hours the asset has fallen 4.6%, according to CoinGecko<\/a>.<\/p>\n

The current price is $41,883. The chart below shows that the down move is accompanied by a surge in trading volume.<\/p>\n

\\\"BTCUSDT_2023-12-11_09-29-06\\\"
15-minute BTC\/USDT chart on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

The drop triggered a wave of liquidations \u2014 $400 million worth of positions were liquidated over the day, according to Coinglass<\/a>.<\/p>\n

\\\"Snimok-ekrana-2023-12-11-v-09.17.29\\\"
Data: Coinglass.<\/figcaption><\/figure>\n

Following the flagship, assets in the top 10 by market capitalization moved into the red zone. Ethereum fell 4.9% and, at the time of writing, trades below $2,240. The biggest declines were led by XRP and Cardano (down 7.1% and 8.9%, respectively).<\/p>\n

\\\"Snimok-ekrana-2023-12-11-v-09.29.26\\\"
Data: CoinGecko.<\/figcaption><\/figure>\n

Some community members wondered whether the next milestone would be $38,000.<\/p>\n

\n

Quick flash dump to 40k this morning. $350 million longs got wiped out in the process
? 38K next?.#NFA<\/a> #Bitcoin<\/a> $Btc<\/a> https:\/\/t.co\/9P2fRdY2lp<\/a> pic.twitter.com\/p0kwiSaEKR<\/a><\/p>\n

\u2014 Marius.capital (@AltbriMarius) December 11, 2023<\/a><\/p><\/blockquote>\n