Ethereum

Bitcoin

The crypto market had a rocky start to the week, with major players such as Bitcoin (BTC) and Ethereum (ETH) dealing with a bearish trend in intraday trading.  
According to CoinMarketCap, <a href="https://optimisus.com/news/crypto-news/michael-saylor-the-chairman-of-microstrategy-gains-over-1-5-billion-from-his-btc-investments/" rel="noopener noreferrer nofollow">BTC</a> dropped by more than 5%, falling to $41,649 before recovering to $42,510 within a 24-hour period.  
Over the last day, CoinGlass data revealed a total of $411 million in liquidations, with $357 million linked to long positions in the broader crypto market.  
The heatmap of liquidations revealed significant liquidations, including over $104 million in Bitcoin and $82 million in Ethereum. Small-cap altcoins were also impacted by market volatility, contributing to the overall decline.  
Despite the downturn, <a href="https://optimisus.com/news/crypto-news/can-bitcoin-btc-reach-40000-before-december/" rel="noopener noreferrer nofollow">Bitcoin remained bullish</a> and broke through the $42,500 resistance level. BTC is currently trading at $42,182, with a daily trading volume of $24.7 billion, representing a significant 54% increase in the last 24 hours.  
Bitcoin is currently in a recovery phase, with crucial resistance around the $42,600 level. A break above the $43,000 resistance level could spark bullish momentum, potentially propelling BTC to $43,650.  
A decisive close above this level could spark a strong upward trend, with the next significant resistance at $43,950 and further potential gains toward $44,500. 
The post <a href="https://optimisus.com/news/crypto-news/bitcoin-plunges-by-over-5-dropping-below-42000/" rel="noopener noreferrer nofollow">Bitcoin plunges by over 5%, dropping below $42,000</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Bitcoin plunges by over 5%, dropping below $42,000

Optimisus

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