{"id":130400,"date":"2024-11-26T20:42:56","date_gmt":"2024-11-26T13:42:56","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=130400"},"modified":"2024-11-26T20:42:56","modified_gmt":"2024-11-26T13:42:56","slug":"sudden-panic-sparks-200-billion-bitcoin-and-crypto-price-crash","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=130400","title":{"rendered":"Sudden Panic Sparks $200 Billion Bitcoin And Crypto Price Crash"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>Bitcoin and crypto prices have crashed following their <a href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/11\/21\/leak-reveals-trump-crypto-bombshell-as-bitcoin-suddenly-surges-toward-100000-price\/\" target=\"_self\" class=\"color-link\" title=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/11\/21\/leak-reveals-trump-crypto-bombshell-as-bitcoin-suddenly-surges-toward-100000-price\/\" data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/11\/21\/leak-reveals-trump-crypto-bombshell-as-bitcoin-suddenly-surges-toward-100000-price\/\" aria-label=\"huge rally on the back of Donald Trump's U.S. election victory\" rel=\"noopener\">huge rally on the back of Donald Trump&#8217;s U.S. election victory<\/a> (<a href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/11\/25\/elon-musk-just-quietly-confirmed-a-bitcoin-and-crypto-price-game-changer\/\" target=\"_self\" class=\"color-link\" title=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/11\/25\/elon-musk-just-quietly-confirmed-a-bitcoin-and-crypto-price-game-changer\/\" data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/11\/25\/elon-musk-just-quietly-confirmed-a-bitcoin-and-crypto-price-game-changer\/\" aria-label=\"despite Elon Musk quietly confirming a crypto market game-changer\" rel=\"noopener\">despite Elon Musk quietly confirming a crypto market game-changer<\/a>).<\/p>\n<p><a href=\"https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" class=\"color-link\" title=\"https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\" data-ga-track=\"ExternalLink:https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\" aria-label=\"Unlock over $3,000 in perks including unparalleled access to a community of top Web3 entrepreneurs, creators, and investors, providing you with premium networking, priority access to global events, Free access to Forbes.com and our Forbes CryptoAsset &amp; Blockchain Advisor newsletter. Apply now!\"><strong data-ga-track=\"ExternalLink:https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\"><em data-ga-track=\"ExternalLink:https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\">Unlock over $3,000 in perks including unparalleled access to a community of top Web3 entrepreneurs, creators, and investors, providing you with premium networking, priority access to global events, Free access to <\/em><\/strong>Forbes.com<em data-ga-track=\"ExternalLink:https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\"> <\/em><strong data-ga-track=\"ExternalLink:https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\"><em data-ga-track=\"ExternalLink:https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\">and our<\/em><\/strong><em data-ga-track=\"ExternalLink:https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\"> <\/em>Forbes<em data-ga-track=\"ExternalLink:https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\"> CryptoAsset &amp; Blockchain Advisor newsletter.<\/em><strong data-ga-track=\"ExternalLink:https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\"><em data-ga-track=\"ExternalLink:https:\/\/app.deform.cc\/form\/0f3efc64-cf8c-4c1d-8bfa-2350f0a25bf0\/?page_number=0\"> Apply now!<\/em><\/strong><\/a><\/p>\n<p>The bitcoin price has crashed toward $90,000 per bitcoin, down from almost $100,000 on Monday. The crypto price correction has wiped around $200 billion from the combined $3.2 trillion market.<\/p>\n<p>Now, <a href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/11\/23\/leak-reveals-a-huge-wall-street-price-earthquake-could-hit-bitcoin-and-crypto-in-2025\/\" target=\"_self\" class=\"color-link\" title=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/11\/23\/leak-reveals-a-huge-wall-street-price-earthquake-could-hit-bitcoin-and-crypto-in-2025\/\" data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/11\/23\/leak-reveals-a-huge-wall-street-price-earthquake-could-hit-bitcoin-and-crypto-in-2025\/\" aria-label=\"after a leak revealed a huge Wall Street earthquake could hit bitcoin next year\" rel=\"noopener\">after a leak revealed a huge Wall Street earthquake could hit bitcoin next year<\/a>, traders are nervously eyeing how low the bitcoin price could fall after crypto billionaire Michael Novogratz warned it could drop to $80,000 before bouncing back.<\/p>\n<p><a href=\"https:\/\/www.forbes.com\/newsletter\/cryptocodex\/#49ee29f83534\" target=\"_self\" class=\"color-link\" title=\"https:\/\/www.forbes.com\/newsletter\/cryptocodex\/#49ee29f83534\" data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/newsletter\/cryptocodex\/#49ee29f83534\" aria-label=\"Sign up now for the free CryptoCodex\" rel=\"noopener\"><strong data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/newsletter\/cryptocodex\/#49ee29f83534\">Sign up now for the free <em data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/newsletter\/cryptocodex\/#49ee29f83534\">CryptoCodex<\/em><\/strong><\/a>\u2014<strong>A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run<\/strong><\/p>\n<p><a class=\"embed-base color-body color-body-border link-embed embed-2 link-embed--long-title\" href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/11\/23\/tesla-ceo-elon-musk-warns-us-bankruptcy-is-coming-super-fast-without-a-dogecoin-inspired-fix\/\" target=\"_blank\" aria-label=\"Tesla CEO Elon Musk Warns U.S. \u2018Bankruptcy\u2019 Is Coming \u2018Super Fast\u2019 Without A Dogecoin Inspired \u2018Fix\u2019\" rel=\"noopener noreferrer\" data-ga-track=\"forbesEmbedly:https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/11\/23\/tesla-ceo-elon-musk-warns-us-bankruptcy-is-coming-super-fast-without-a-dogecoin-inspired-fix\/\"><span class=\"link-embed__info\"><span class=\"link-embed__provider\">Forbes<\/span><span class=\"link-embed__title\">Tesla CEO Elon Musk Warns U.S. \u2018Bankruptcy\u2019 Is Coming \u2018Super Fast\u2019 Without A Dogecoin Inspired \u2018Fix\u2019<\/span><small class=\"link-embed__byline\">By <span class=\"link-embed__author\">Billy Bambrough<\/span><\/small><\/span><span class=\"link-embed__thumbnail-wrapper\"><span class=\"link-embed__thumbnail allow-inline-style\" style=\"background-image: url(https:\/\/specials-images.forbesimg.com\/imageserve\/62dd5b26d6efed46c0697810\/960x0.jpg?cropX1=1589&amp;cropX2=3740&amp;cropY1=463&amp;cropY2=1928);\"\/><\/span><\/a><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"\/><\/p>\n<figure class=\"embed-base image-embed embed-0\" role=\"presentation\"><figcaption><fbs-accordion class=\"expandable\" current=\"-1\"><\/p>\n<p class=\"color-body light-text\">Traders have been caught off guard by the bitcoin and crypto market&#8217;s downturn, with the bitcoin <span class=\"plus\" data-ga-track=\"caption expand\">&#8230; [+]<\/span><span class=\"expanded-caption\"> price suddenly plunging.<\/span><\/p>\n<p><\/fbs-accordion><small>Getty Images<\/small><\/figcaption><\/figure>\n<p>&#8220;There\u2019s a ton of leverage in the system right now,&#8221; Novogratz, the chief executive of crypto financial services company Galaxy Digital, <a href=\"https:\/\/www.cnbc.com\/2024\/11\/21\/novogratz-warns-that-there-will-be-a-bitcoin-correction-says-crypto-is-levered-to-the-gills.html\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" class=\"color-link\" title=\"https:\/\/www.cnbc.com\/2024\/11\/21\/novogratz-warns-that-there-will-be-a-bitcoin-correction-says-crypto-is-levered-to-the-gills.html\" data-ga-track=\"ExternalLink:https:\/\/www.cnbc.com\/2024\/11\/21\/novogratz-warns-that-there-will-be-a-bitcoin-correction-says-crypto-is-levered-to-the-gills.html\" aria-label=\"told\">told<\/a> <em>CNBC<\/em>. &#8220;The crypto community is levered to the gills, and so there will be a correction.&#8221;<\/p>\n<p>Novogratz predicted the bitcoin price could drop back to around $80,000 per bitcoin but said he didn&#8217;t expect it to fall under this level\u2014<a href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/11\/21\/leak-reveals-trump-crypto-bombshell-as-bitcoin-suddenly-surges-toward-100000-price\/\" target=\"_self\" class=\"color-link\" title=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/11\/21\/leak-reveals-trump-crypto-bombshell-as-bitcoin-suddenly-surges-toward-100000-price\/\" data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/11\/21\/leak-reveals-trump-crypto-bombshell-as-bitcoin-suddenly-surges-toward-100000-price\/\" aria-label=\"where it was trading ahead of Trump's presidential election victory that signaled a &quot;paradigm shift&quot; for crypto regulation\" rel=\"noopener\">where it was trading ahead of Trump&#8217;s presidential election victory that signaled a &#8220;paradigm shift&#8221; for crypto regulation<\/a>.<\/p>\n<p>&#8220;The entire cabinet almost owns bitcoin, and are proponents of digital assets,&#8221; Novogratz said of the incoming Trump administration, adding he believes it&#8217;s inevitable that bitcoin eventually crosses the $100,000 per bitcoin level.<\/p>\n<p>&#8220;Normally you hit $100,000, you bounce off a bit,&#8221; he said. &#8220;I would not be surprised if you know, we go much higher. We&#8217;re in price discovery. There&#8217;s not a lot of supply,&#8221; Novogratz said.<\/p>\n<p><a href=\"https:\/\/www.forbes.com\/newsletter\/cryptocodex\/#2451f12d3534\" target=\"_self\" class=\"color-link\" title=\"https:\/\/www.forbes.com\/newsletter\/cryptocodex\/#2451f12d3534\" data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/newsletter\/cryptocodex\/#2451f12d3534\" aria-label=\"Sign up now for CryptoCodex\" rel=\"noopener\"><strong data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/newsletter\/cryptocodex\/#2451f12d3534\">Sign up now for <em data-ga-track=\"InternalLink:https:\/\/www.forbes.com\/newsletter\/cryptocodex\/#2451f12d3534\">CryptoCodex<\/em><\/strong><\/a><strong>\u2014A free, daily newsletter for the crypto-curious<\/strong><\/p>\n<p><a class=\"embed-base color-body color-body-border link-embed embed-5 link-embed--long-title\" href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/11\/10\/huge-things-coming-bitcoin-explodes-as-secret-nation-state-adoption-mystery-rumors-fuel-a-crypto-price-boom\/\" target=\"_blank\" aria-label=\"\u2018Huge Things Coming\u2019\u2014Bitcoin Suddenly Explodes As Secret \u2018Nation-State\u2019 Adoption Mystery Rumors Fuel A Crypto Price Boom\" rel=\"noopener noreferrer\" data-ga-track=\"forbesEmbedly:https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/11\/10\/huge-things-coming-bitcoin-explodes-as-secret-nation-state-adoption-mystery-rumors-fuel-a-crypto-price-boom\/\"><span class=\"link-embed__info\"><span class=\"link-embed__provider\">Forbes<\/span><span class=\"link-embed__title\">\u2018Huge Things Coming\u2019\u2014Bitcoin Suddenly Explodes As Secret \u2018Nation-State\u2019 Adoption Mystery Rumors Fuel A Crypto Price Boom<\/span><small class=\"link-embed__byline\">By <span class=\"link-embed__author\">Billy Bambrough<\/span><\/small><\/span><span class=\"link-embed__thumbnail-wrapper\"><span class=\"link-embed__thumbnail allow-inline-style\" style=\"background-image: url(https:\/\/specials-images.forbesimg.com\/imageserve\/5f3ee62ffb31aab95c122ce6\/960x0.jpg);\"\/><\/span><\/a><\/p>\n<figure class=\"embed-base image-embed embed-3\" role=\"presentation\"><figcaption><fbs-accordion class=\"expandable\" current=\"-1\"><\/p>\n<p class=\"color-body light-text\">The bitcoin price has crashed back from the closely-watched $100,000 level, wiping $200 billion from <span class=\"plus\" data-ga-track=\"caption expand\">&#8230; [+]<\/span><span class=\"expanded-caption\"> the combined crypto market.<\/span><\/p>\n<p><\/fbs-accordion><small>Forbes Digital Assets<\/small><\/figcaption><\/figure>\n<p>However, other bitcoin price and crypto market watchers are also warning bitcoin could fall a lot lower before it recovers.<\/p>\n<p>&#8220;Bitcoin fell below $93,000 on Tuesday morning, deepening its corrective pullback and falling for the fourth consecutive day,&#8221; FxPro chief market analyst Alex Kuptsikevich said in emailed comments.<\/p>\n<p>&#8220;On Monday, there was a renewed attempt to take the price above $99,000, which turned into more selling. This is due to the geopolitical pullback, which has turned into a broader profit-taking scenario, looking at the entire rally since November 4. This means that traders should pay more attention to bitcoin&#8217;s momentum around $91,8000 (76.4% of the rally). Without proper support in this area, the bears&#8217; next target could be the $87,000 area (61.8%).&#8221;<\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.forbes.com\/sites\/digital-assets\/2024\/11\/26\/sudden-panic-sparks-200-billion-bitcoin-and-crypto-price-crash\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin and crypto prices have crashed following their huge rally on the back of Donald Trump&#8217;s U.S. election victory (despite Elon Musk quietly confirming a crypto market game-changer). Unlock over &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=130400\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-130400","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/130400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130400"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/130400\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}