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Crypto Market Rocked By $1.7B In Liquidations As Bitcoin, XRP, And Dogecoin Plunge
['Evans Karanja', 'Updated']
InsideBitcoins.com
The broader crypto market shed more than 3% over the past day, pulling total market capitalization down to $3.99 trillion.
If buyers defend the 50-day SMA, the price of Bitcoin could retest the channel top near $123,000.
The chart shows a Golden Cross, with the 50-day moving average ($3.00) rising above the 200-day moving average ($2.52), often seen as a bullish long-term signal.
The DOGE price is retracing from its highs, with the asset now hovering just above the 50-day Simple Moving Average (SMA) ($0.2348).
If the 50-day SMA holds, DOGE could attempt another move higher toward $0.2737 and potentially retest the $0.30 zone.
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