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With crypto liquidations reaching $300 million in the last 24 hours, Bitcoin’s price has dropped from $74,000 in March to slightly more than $60,000 now. On Tuesday afternoon, Bitcoin’s price dropped to nearly $60,000 per coin, causing investors who had bet on the asset’s price increase to liquidate their positions.The last day saw the liquidation of over $261 million worth of long positions across all cryptocurrencies, according to data compiled by CoinGlass. Total liquidations amounting to more than $324 million include short positions.Nearly $70 million has changed hands in the last four hours, with $24.4 million of that total being Bitcoin positions.According to CoinGecko, the current price of Bitcoin is $60,309, however data from crypto exchange Coinbase shows that it recently dropped as low as $60,012. Ethereum, on the other hand, has fallen 6% in the last 24 hours and is now trading at $2,985. The daily decline in Bitcoin value is currently slightly less than 4%.Bitcoin (BTC) plunged 15.78% 59,619.04 dollars Time in hours, days, months, and years, with a maximum of Bitcoin price data Long positions are held by traders in the derivatives world who bet that an asset’s price will go up in the future.The price of Bitcoin reached a new record high of almost $74,000 in March, as reported by CoinGecko. Prior to this, in 2021, it reached a peak of $69,044.After the U.S. Securities and Exchange Commission authorized spot Bitcoin exchange-traded funds (ETFs) in January, the asset’s price rose because new investors could get exposure to it.Picture generated by Decrypt’s AISales of Bitcoin Halvening As Bitcoin Climbs Back Up to $63,000, Reach $255 Million Just before halving Following its abrupt drop to $61,000 yesterday, along with the market as a whole, Bitcoin has triggered $255 million worth of liquidations. Since yesterday, the price of Bitcoin has been showing signs of recovery, reaching a high of slightly under $63,000 early Thursday. Bitcoin (BTC) is trading at approximately $62,750 per coin, down 0.1% in the last 24 hours and 11.1% from last week at this time, according to data from CoinGecko. There has been a general trend in the cryptocurrency market as a whole…Media marketplaces only takes two minutes to read Elliott Stacy April 18th, 2024 However, investors are fleeing risky assets like cryptocurrencies due to concerns about the Middle East’s geopolitical unrest and indications that the Federal Reserve will maintain interest rates at higher levels for an extended period of time.The updated location The price of the largest digital coin has been falling due in part to the fact that Bitcoin ETFs are not as popular as they were when they were first launched and investors have been selling their holdings.

Crypto Liquidations Reach $300 Million, Sending Bitcoin Price Soaring to $60,000

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