{"id":977854,"date":"2025-12-02T10:26:54","date_gmt":"2025-12-02T04:56:54","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=977854"},"modified":"2025-12-02T11:50:39","modified_gmt":"2025-12-02T06:20:39","slug":"why-is-bitcoin-crashing-nearly-1-bn-wiped-out-in-one-day","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/12\/02\/why-is-bitcoin-crashing-nearly-1-bn-wiped-out-in-one-day\/","title":{"rendered":"Why is Bitcoin crashing? Nearly $1 bn wiped out in one day"},"content":{"rendered":"<p>Nearly $1 billion worth of leveraged crypto positions were wiped out on Monday after another sharp fall in prices, adding fuel to an already deep market slide, a Bloomberg report said.<\/p>\n<p>Bitcoin dropped up to 8% in New York, hitting $83,824. This means it has lost almost 30% of its value since early October. Ether fell even harder, slipping about 10% to $2,719, and is now down 36% in the last seven weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nearly $1 billion worth of leveraged crypto positions were wiped out on Monday after another sharp fall in prices, adding fuel to an already deep market slide, a Bloomberg report said. Bitcoin dropped up to 8% in New York, hitting $83,824. This means it has lost almost 30% of its value since early October. Ether fell even harder, slipping about 10% to $2,719, and is now down 36% in the last seven weeks.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-977854","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/977854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=977854"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/977854\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=977854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=977854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=977854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}