Early on Sunday morning in America, Bitcoin fell below $60,000 as a four-day market sell-off persisted, costing bullish futures puts close to $200 million in the previous day.

Bulls in digital currencies lost around $200 million in the last day as the sell-off from the previous week intensified over the weekend.    


After ETH exchange-traded funds, or ETFs for short, were authorized for trading in the US in August, the cryptocurrency's value dropped below $2,900, wiping out all of the gains from its July rise higher than $3,400.

Early on the first of Sunday in the States, Bitcoin fell below $60,000 as a four-day market sell-off continued, wiping bullish futures speculates close to $200 million in the previous day.
After ETH exchange-traded funds (ETFs) were granted permission for trading in the United States, the digital token's value plummeted below $2,900, wiping out all of the gains from its July surge above $3,400.
Early on Sunday morning in the United States, Bitcoin fell over $60,000 as a four-day market sell-off continued, dumping bullish futures investments close to $200 million in the previous day.

According to CoinGecko data, Bitcoin fell 4% in the last wednesday and hit a three-week low of $59,400.
Dogecoin (DOGE) and Solana's SOL plunged more than 9% among majors. The sums of ADA, XRP, and BNB Chain all reduced by at least 6%. With a 1.8% loss, Toncoin (TON) performed considerably better.
After ETH exchange-traded funds (ETFs) received authorization for trading in the United States, the cryptocurrency's valuation sank below $2,900, wiping out all of the gains from its July surge above $3,400. According to SoSoValue data, the products have shown net sales on six of the nine trading days, or $510 million since their debut.

A highly volatile index that counts the majority of tokens minus stablecoins, CoinDesk 20 (CD20) plummeted 5.73%.
According to CoinGlass figures, bullish futures bets lost about 200 million dollars since over 97,000 dealers abandoned their positions due to the abrupt market swings during the course of the preceding day. The data reveals that long bitcoin at $43 million and long ETH at $55 million led losses.
As was reported on Friday, some traders had warned in the past of a potential surge in Bitcoin to the $55,000 mark in the midst of geopolitical unrest in the region, and lower projections for riskier assets like technology stocks.