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.
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