Bitcoin

<a href="https://bitcoinworld.co.in/bitcoin-btc-beat-down-below-60k-360m-in-liquidations/" title="Bitcoin (BTC) Beat Down Below $60K, $360M In Liquidations" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">Over the past week, Bitcoin (BTC) has seen an 8.2% <a href="https://bitcoinworld.co.in/why-did-bitcoin-btc-price-decline-whats-happening-to-bitcoin-price-here-is-the-latest-liquidation-data/" rel="noopener noreferrer nofollow">decline</a>, beating down below $60k, despite relatively modest trade volumes amid heavy selling.</li>
 <li style="font-weight: 400">Data from coinglass.com shows $360 million in crypto long positions were liquidated, including $148 million in Bitcoin.</li>
</ul>
Bitcoin (BTC) experienced a sharp decline on Monday, dropping down below the psychological barrier of $60,000, its lowest point since May.
According to market data, Bitcoin’s price hit a troubling low of $59,809 per coin at 1:30 p.m. EDT on June 24, representing a substantial 6% drop against the U.S. dollar.&nbsp;
<figure id="attachment_75353" aria-describedby="caption-attachment-75353" style="width: 100%" class="wp-caption aligncenter"><img fetchpriority="high" decoding="async" class=" wp-image-75353" src="http://bitcoinworld.co.in/wp-content/uploads/Bitcoin-Price-Chart-17-483x300.png" alt="" width="592" height="368" srcset="https://bitcoinworld.co.in/wp-content/uploads/Bitcoin-Price-Chart-17-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/Bitcoin-Price-Chart-17.png 760w" sizes="(max-width: 592px) 100vw, 592px">
 <figcaption id="caption-attachment-75353" class="wp-caption-text">
 Bitcoin Price Chart | Source: Coinstats
 </figcaption>
</figure>
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Over the past week, Bitcoin has shed 8.2% of its value, indicating a persistent bearish sentiment in the market.
This unexpected dip has many investors and analysts scrambling to understand the implications of this bearish trend.
<a href="https://www.coinglass.com/LiquidationData" rel="noopener noreferrer nofollow">Data</a> from Coinglass indicates a significant wave of liquidations in the cryptocurrency market, with $360 million in long positions liquidated in the past 24 hours, including $148 million in Bitcoin longs.
During this period, a total of 85,865 crypto derivatives traders were liquidated, resulting in a combined total of $326.26 million wiped out from both long and short positions.
The largest single liquidation event was recorded on Binance, involving a BTC/USDT position worth $15.36 million.
This recent market turbulence highlights the need for in-depth understanding and analysis of cryptocurrency trends.
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Bitcoin (BTC) Beat Down Below $60K, $360M In Liquidations

ItsBitcoinWorld

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