All articles tagged with #price slump
OPEC+ ministers face a tough decision at their upcoming meeting: either extend oil supply curbs into 2025 or risk a drop in oil prices. A live Q&A session on this topic will be held on November 27.
The price of Bitcoin (BTC) has dropped below the $66,000 support level, reaching $65,777.25, down by 3.6% in 24 hours, leading to over $426 million in liquidations with more than 151,000 traders affected. Long traders suffered the most, with Bitcoin accounting for the highest liquidation at $104 million, followed by Ethereum at $47.98 million. Despite the market correction, analysts expect a potential recovery driven by factors such as sustained demand for Bitcoin ETFs and the upcoming Bitcoin halving event, which could limit the coin's supply and trigger price growth.
Ether (ETH) has fallen to its lowest price since April 9, erasing all gains from its recent rally following the successful implementation of the Shanghai upgrade. The cryptocurrency has declined over 13% from a Tuesday high of $2,118 and fallen 5.3% over the past 24 hours, amid wider market uncertainty. Bitcoin has also fallen over 10% from a high above $30,000 on Tuesday, as concerns around inflation, stock market earnings, and recession weigh on crypto markets.