Solana

Bitcoin

DeFi

Planet

After a sustained period of consecutive price gains and reaching new all-time highs (ATHs), Bitcoin (BTC) experienced a setback in its momentum, with its price dropped to as low as $67,000 on Friday, March 15, 2024. 
Bitcoin’s recent surge, which began on Tuesday, January 23, 2024, culminated in a new ATH of $73,927 on Thursday, March 14. This upward movement was mirrored across the altcoin market, with Ethereum (ETH), Solana (SOL), and Binance Coin (BNB) all hitting multi-year highs of $4,092, $186.18, and $631.14, respectively, per <a href="https://coinmarketcap.com/currencies/bitcoin" target="_blank" rel="noopener">CoinMarketCap</a>. 
However, in the past two days, Bitcoin experienced a sharp decline, reaching a weekly low of $66,163 on Friday. This significant drop prompted many traders to close their positions. According to <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noopener">data</a> from Coinglass, the largest liquidations occurred on Binance, totalling $811.49 million, followed by OKX with $300.77 million and ByBit with $95.07 million. The largest single liquidation order, valued at approximately $13.30 million, took place on OKX-BTC-USDT-SWAP trading pair. 
The widespread sell-off also impacted the altcoin market, with over 246,961 traders liquidating their positions within the same period. Ethereum, which experienced substantial selling pressure, is currently trading at $3,667, representing a 7.96% decline from its 24-hour price and a 7.14% decrease from its 7-day price. 
At press time, Bitcoin is<a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener"> trading at $66,964</a>, marking a 9.4% decrease from its most recent ATH. However, market observers view this decline as a retracement, and there remains optimism for positive momentum in the days ahead, particularly with the <a href="https://coinmarketcap.com/events/bitcoin-halving/" target="_blank" rel="noopener">upcoming BTC halving</a>. 
If you want to read more news articles like this, visit <a href="https://defi-planet.com/">DeFi Planet</a> and follow us on <a href="https://twitter.com/PlanetDefi" target="_blank" rel="noopener">Twitter</a>, <a href="https://www.linkedin.com/company/defi-planet/" target="_blank" rel="noopener">LinkedIn</a>, <a href="https://www.facebook.com/DeFi-Planet-129907662611402" target="_blank" rel="noopener">Facebook</a>, <a href="https://www.instagram.com/defi.planet/" target="_blank" rel="noopener">Instagram</a>, and <a href="https://coinmarketcap.com/community/profile/DeFiPlanet/" target="_blank" rel="noopener">CoinMarketCap Community</a>. “Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.” 
The post <a rel="nofollow" href="https://defi-planet.com/2024/03/bitcoin-retreats-after-record-highs-altcoins-record-massive-liquidations/">Bitcoin Retreats After Record Highs; Altcoins Record Massive Liquidations</a> appeared first on <a rel="nofollow" href="https://defi-planet.com">DeFi Planet</a>.

Bitcoin Retreats After Record Highs; Altcoins Record Massive Liquidations

DeFi Planet

Other articles published on Mar 15, 2024

Crypto Assets Conference 2024 (CAC24A) Unveils a New Era of Digital Transformation

Solana (SOL) Scores New Integration on Binance: Details

Robert Kiyosaki reveals the problem with gold and silver, why he loves Bitcoin

Market Buzz: Bitgert Coin’s Impending Price Rally and the Path to Profits

Cream Finance (CREAM) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Webility Partners with Environmentally Friendly MaaS Platform NEIBUS

Join our free newsletter for daily crypto updates!