in

Bitcoin Crashes Below $30K For The First Time Since January 2021

Over $290 Million Liquidated in an Hour as Bitcoin Crashes $1.6K Before $20,000


Things in the cryptocurrency market are looking increasingly bad as the price for bitcoin just crashed below $30,000.

  • Bitcoin’s price is currently trading below $30,000.
  • This hasn’t happened in months as the last time we saw these levels was in January 2021.
BTC/USD. Source: TradingView
  • Other cryptocurrencies are also following suit with most of the altcoins charting double-digit declines on the weekly.
  • This has also led to almost $800 million worth of liquidated positions across the major exchanges over the past 24 hours.
  • The largest single liquidation order happened on Bybit. It was a Bitcoin position with a face value of $5.4 million.
  • Not surprisingly, the majority of liquidations came from long positions. In the past hour alone, around 94% of the longs were wiped off.
SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

What do you think?

BTC-Only Exchange Bitcoin Reserve Launches Across Europe

BTC-Only Exchange Bitcoin Reserve Launches Across Europe

VanEck CEO Explains Why the U.S. SEC ‘Should Approve a Bitcoin ETF’

VanEck CEO Explains Why the U.S. SEC ‘Should Approve a Bitcoin ETF’