The cryptocurrency market remains volatile, and the battle between buyers and sellers is intensifying. Following yesterday’s bounce, the majority of coins are currently trading in the red, going through a correction that erased all of the recent gains.
This has caused an uptick in derivatives liquidations, currently standing at $230 million, as well as declining market sentiment.The Bitcoin price has been on a rollercoaster for the past 24 hours. It increased to as much as $64,400 yesterday, but the bears were quick to get involved. They managed to push the asset to a low of $62,000 just a few hours ago. At the time of this writing, BTC trades at $62,300. It’s interesting to note if this support level will hold or if the sellers will target the pivotal $60K mark next.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:More than $60 million worth of BTC derivatives positions were liquidated during the past 24 hours.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
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