With the price of Bitcoin falling to $ 56.9 thousand, the downside sentiment increased

TL; DR separation:

• Bitcoin traders are currently at their lowest level, after bitcoin fell to $ 56.9 thousand.
• The market as a whole fell more than 2% without reaching $ 223 million in the last 24 hours.

As of November 18, the largest digital currency is trading below $ 60,000. But earlier today, the price of Bitcoin (BTC) reached $ 60,000. But he faced hard resistance and could not maintain his level.

As can be seen in the chart above, Bitcoin reached $ 60029 a few hours ago in the Bainance market. After that, it started falling again, reaching below $ 56,900. It can be said that the $ 60,000 price level has become somewhat resilient for traders. Meanwhile, the decline appears to have contaminated traders’ sentiment for the week.

Bitcoin sentiment is falling

Santiment, a social benchmarking platform and digital currency chain, revealed that the reduction of bitcoin to $ 56.9 thousand has turned traders’ perception of crypto per week into a negative territory. The Santiment social benchmark shows that traders are at their lowest level in seven weeks.

Cryptos starts the week with a slope

At the time of writing, Bitcoin was trading at $ 57,260 with a total market value of $ 1.08 trillion. It is worth noting that Bitcoin is not the only digital currency on the 24-hour red list.

The total crypto market has now fallen 2.38 percent to $ 2.58 trillion in the last 24 hours. Ether (ETH), BinanceQueen (BNB), Cardano (ADA), Ripple (XRP) and Polkadot (DOT) all fell by at least 2% over a 24-hour period. At the time, Solana (SOL) was trading at $ 217, up 2.14 percent.

Also, according to Bybt, these price measures led to the liquidation of digital currency positions in the derivatives market worth more than $ 223 million. Total open profit in the futures markets of the above-mentioned coins is in the negative range, except for Solana, which has increased by 2.4% (24 hours).