{
  "type": "article",
  "title": "Crypto Market Plummets As Bitcoin Slips Toward $63,000 And Altcoins Lead Losses",
  "summary": "The cryptocurrency market faced a wave of liquidations totaling nearly 600 million dollars over 24 hours, keeping Bitcoin and major altcoins under intense bearish pressure.",
  "content": "The cryptocurrency market encountered a wave of selling pressure that pushed Bitcoin lower and triggered roughly 600 million dollars in liquidations over a 24-hour window. The downturn extended losses from the previous session, with bullish positional wipeouts accounting for the vast majority of the totals and keeping market sentiment firmly in negative territory.\n\nMarket sentiment indicators underscored the cautious mood, as the Fear and Greed Index slipped to 33 compared to 39 previously. Out of the total 592 million dollars in liquidations recorded over the past day, long positions comprised 455 million dollars. This imbalance highlights how leveraged buyers caught on the wrong side of the market bore the brunt of the sudden downward correction.\n\nBitcoin maintained a weak near-term outlook as spot prices continued to trade below key moving averages, including the 50-day Exponential Moving Average near 64,960 dollars and the 200-day EMA near 74,126 dollars. Furthermore, a previously supportive upward trendline has flipped into resistance near the 76,870 dollar region, demonstrating that higher-timeframe sellers continue to cap any meaningful recovery attempts.\n\nMomentum oscillators reflected ongoing softness, with the Moving Average Convergence Divergence crossing beneath its signal line to print a negative histogram. Meanwhile, the Relative Strength Index hovered at 45, indicating persistent downside momentum without entering outright oversold extremes. Analysts point to the 60,000 dollar psychological threshold as the next major area of interest if selling accelerates.\n\nOn the upside, initial resistance stands near the 50-day EMA at 64,960 dollars. Reclaiming this barrier on a daily closing basis would be required to alleviate immediate downside risks and clear a path toward the 200-day EMA at roughly 74,126 dollars, ahead of the broken trendline zone near 76,870 dollars.\n\nAlternative coins faced severe headwinds alongside the flagship asset. Artificial Intelligence tokens and popular meme assets suffered the steepest declines over the 24-hour period. Artificial Intelligence Alliance extended its downward correction following a 9 percent drop in the preceding session, remaining constrained beneath its 50-day EMA at 0.1725 dollars and its 200-day EMA at 0.2282 dollars.\n\nImmediate support for Artificial Intelligence Alliance aligns with the February 6 low at 0.1340 dollars, while a breakdown beneath that floor could open a path toward the 0.1000 dollar psychological mark and the 127.2 percent extension target at 0.0918 dollars. Other leading altcoins including Ripple and Stellar also hovered in negative territory after sustaining multi-percent losses, weighed down by weakening derivatives metrics and cautious macro sentiment tied to potential Federal Reserve policy shifts.\n\nWhat this means for you\nThis market downturn carries practical implications for market participants:\n\n• Across India: Local crypto investors face heightened volatility and potential margin pressures on leveraged positions.\n• Globally: Widespread liquidations signal tightening risk appetite across digital asset markets.\n\nQuestions & Answers\n\n1. What is driving the recent decline in Bitcoin?\nBitcoin has faced renewed selling pressure and extensive liquidations across the broader digital asset market.\n\n2. How much total liquidations occurred in the past 24 hours?\nThe crypto market suffered nearly 600 million dollars in total liquidations over the last 24 hours.\n\n3. Where does the Fear and Greed Index currently stand?\nThe Fear and Greed Index is currently positioned at 33.\n\n4. Which assets led the losses in the market?\nArtificial Intelligence Alliance and Shiba Inu emerged among the worst-performing digital assets during the recent downturn.",
  "url": "https://trendkia.com/en/crypto/crypto-market-plummets-as-bitcoin-slips-toward-63000-and-altcoins-lead-losses-11260",
  "category": "Crypto",
  "publishedAt": "2026-07-28",
  "tags": [
    "crypto market",
    "bitcoin price",
    "liquidations",
    "fear and greed",
    "shiba inu",
    "federal reserve",
    "finance"
  ],
  "language": "en",
  "site": "TrendKia"
}