Crypto currencies started the week with a get dumped: 500 million position evaporated.

The new week in crypto currencies started with pullbacks. Bitcoin dropped to 114,150 dollars. For Ether, this figure was 4260 dollars. The decline of Bitcoin and Ether also negatively affected altcoins.

Bitcoin and Crypto currencies were getting dumped while there were rises in gold and silver. Last week, the ounce of gold, which broke a record at $3707, later dropped. However, gold this morning reached around $3700 again. The ounce of silver, which has shown a significant rise recently, is also trading above $43.

500 million dollars got dumped in 12 hours

On the other hand, the get dumped also hit leveraged trades. In the last 12 hours, $500 million worth of leveraged positions were liquidated. Of these, a very large portion of $470 million was made up of long positions, while only $30 million was made up of short positions.

In the last 12 hours, a total of 173 million dollars in Ether positions were liquidated. Of this, a large portion of 170 million dollars was made up of long ETH positions. The total value of the liquidated Bitcoin positions was 62 million dollars.

At the time this news was written, major altcoins such as XRP were trading at 2.89, BNB at 1030, Solana at 230, and Dogecoin at 0.24 dollars.

Powell will speak

An important development that could affect prices this week will also take place tomorrow in the USA. The Chairman of the Federal Reserve, Jerome Powell, will speak tomorrow at the Chamber of Commerce in Providence, the capital of Rhode Island, regarding the economic outlook.

Powell's recent interest rate cut and expectations and remarks regarding the upcoming period will also be closely monitored.

Powell stated at the last FOMC meeting that interest rate cuts could create a positive atmosphere due to the weakness in the labor market, but he also pointed out the rising inflation.

Published: September 22, 2025 08:31 Last Updated: September 22, 2025 08:39