Bitcoin’s rally turns into a plunge, triggers $600 million crypto liquidation

Bitcoin’s rally turns into a plunge, triggers $600 million crypto liquidation
фото показано с : invezz.com

2024-2-29 22:46

Bitcoin’s (BTC) rapid surge came to an abrupt halt on Wednesday afternoon, resulting in a 7% drop from its $64,000 peak, creating turmoil for leveraged traders.

Earlier in the day, BTC had soared past the $60,000 mark for the first time since November 2021, reaching a high of $64,037 before suddenly dropping to $59,400, according to the CoinDesk Bitcoin Index (XBX).

Although its price momentarily recovered over $61,000, a subsequent sell-off pushed it back down to a similar level. At the time of reporting, BTC was trading at $60,993.

Widespread impact across the crypto market

This sell-off had a significant effect on the broader digital assets market, with the CoinDesk20 Index (CD20) falling nearly 5% after reaching a new all-time high of 2,260 earlier on Wednesday.

Leading cryptocurrencies within the CD20, including ether (ETH), Solana’s SOL, XRP, Cardano’s ADA, dogecoin (DOGE), and Avalanche’s AVAX, experienced drops ranging from 4% to 9% within an hour.

Over $600 million in liquidations

The sudden price decline triggered over $600 million in liquidations across all digital assets, erasing leveraged trading positions, as reported by CoinGlass data.

The post Bitcoin's rally turns into a plunge, triggers $600 million crypto liquidation appeared first on Invezz

origin »

Bitcoin (BTC) на Currencies.ru

$ 89560.31 (-0.51%)
Объем 24H $28.759b
Изменеия 24h: 2.22 %, 7d: 0.53 %
Cегодня L: $87440.99 - H: $90272.73
Капитализация $1788.4b Rank 1
Цена в час новости $ 60381.18 (48.32%)

btc bitcoin mark soared past day traders

Источник: invezz.com

btc bitcoin → Результатов: 126


Фото:

Bitcoin bulls need 2 things: Positive BTC ETF flows and to reclaim $112,500

Bitcoin (BTC) trades at $101,328 as of press time, erasing the 2. 3% recovery that had briefly pushed the price to $103,885 the day before. The breakdown confirms what on-chain data has been telegraphing about demand momentum fading, long-term holders selling into weakness, and the market testing structural supports last seen during mid-cycle corrections.

2025-11-8 12:02


BTC price forecast: Bitcoin stays below $112k ahead of Powell speech

TL;DR BTC is down 3% in the last 24 hours and trading around $111,200 per coin. The negative performance comes amid the ongoing U.S.-China tariff war and Powell’s speech later today. BTC dips to $111k Bitcoin, the leading cryptocurrency by market cap, is down 3% in the last 24 hours and is now trading around […] The post BTC price forecast: Bitcoin stays below $112k ahead of Powell speech appeared first on CoinJournal.

2025-10-15 15:45


BTC’s $124K breakout sparks altcoin shift: could this $0.035 token see 2600% gains?

Bitcoin (BTC)’s climb past $124,000 has traders glued to their screens, asking what is going on with crypto today. Every time Bitcoin (BTC) rallies to new highs, history shows the same pattern: liquidity begins rotating into altcoins, and some of them deliver returns that even Bitcoin (BTC) cannot match. While some investors are trying to […]

2025-8-19 12:30


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

UNI price prediction as Uniswap burns 100 million tokens

The UNI price held steady at $6 on Sunday as investors reacted to the latest token burn after the recent token burn. Uniswap’s token was up by 25% from its lowest point this year. This article explores what to expect with the UNI token in the coming days.