Bitcoin Maintains $30K as Altcoins Consolidate (Market Watch)

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Bitcoin managed to defend the coveted $30K level successfully, while the majority of the altcoin market remained flat and consolidated over the past 24 hours.

Bitcoin bulls did their best to hold the important psychological level of $30K. This happens on the back of a broader consolidation across the entire market as most of the altcoins are trading flat over the past 24 hours.

The market seems to have calmed down a bit today, but the liquidations for the past 24 hours remain relatively high at above $200 million,Leading the way is Bitcoin, with around $133 million worth of liquidated positions. The largest single liquidation order took place on Bybit – a BTC/USD order with a face value of $3 million.The altcoin market seems to be in consolidation mode, albeit painted almost entirely in green.

 

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