Bitcoin Hits $64,785 Low, 86,000 Traders Wiped out While Oil Tops $103 and Wall Street Futures Turn Red
Bitcoin BTC
S&P 500 futures are off about 0.5% to 0.6%, while Nasdaq futures are also lower by roughly 0.6% to 0.7% as of 7:30 p.m. Eastern time. “Always surprised that the Sunday night futures are down so little with no deal in sight. Down .50. I figure the big gunners will come in and take them down to 1.5% before we go to sleep,” stock market commentator and television personality Jim Cramer wrote on X.
Whether bitcoin finds its footing above $66,000 or gets dragged back toward the week’s low may hinge less on eager buyers and more on how traders interpret Monday’s open. The market’s next move is already lurking in the back of every portfolio manager’s mind, and oil futures creeping past $100 tend to compress time horizons in a hurry. Crypto traders clinging to leveraged longs have already had a front-row seat to that pressure.
At press time, at 8:25 p.m. Eastern on Sunday evening, bitcoin is changing hands for $66,778 per unit, indicating incredible volatility and a significant bounce back over the last hour.
FAQ 🔎
- How low did bitcoin fall? Bitcoin dropped to an intraday low of $64,785 on Bitstamp, slipping below $65,000 for the first time this month.
- How many traders were liquidated? Coinglass data shows 86,277 traders were liquidated in the past 24 hours, with $278 million wiped out.
- Why is bitcoin falling? Bitcoin is tracking broader macro pressure, with U.S. stock futures pointing lower and oil climbing past $103 a barrel.
- How is the wider crypto market holding up? The total crypto market slipped 0.58% on the day and now sits at $2.28 trillion.
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S&P 500 futures are off about 0.5% to 0.6%, while Nasdaq futures are also lower by roughly 0.6% to 0.7% as of 7:30 p.m. Eastern time. “Always surprised that the Sunday night futures are down so little with no deal in sight. Down .50. I figure the big gunners will come in and take them down to 1.5% before we go to sleep,” stock market commentator and television personality Jim Cramer wrote on X.
Whether bitcoin finds its footing above $66,000 or gets dragged back toward the week’s low may hinge less on eager buyers and more on how traders interpret Monday’s open. The market’s next move is already lurking in the back of every portfolio manager’s mind, and oil futures creeping past $100 tend to compress time horizons in a hurry. Crypto traders clinging to leveraged longs have already had a front-row seat to that pressure.
At press time, at 8:25 p.m. Eastern on Sunday evening, bitcoin is changing hands for $66,778 per unit, indicating incredible volatility and a significant bounce back over the last hour.
FAQ 🔎
- How low did bitcoin fall? Bitcoin dropped to an intraday low of $64,785 on Bitstamp, slipping below $65,000 for the first time this month.
- How many traders were liquidated? Coinglass data shows 86,277 traders were liquidated in the past 24 hours, with $278 million wiped out.
- Why is bitcoin falling? Bitcoin is tracking broader macro pressure, with U.S. stock futures pointing lower and oil climbing past $103 a barrel.
- How is the wider crypto market holding up? The total crypto market slipped 0.58% on the day and now sits at $2.28 trillion.
About Author
