Bitcoin

Coin

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 <li><strong>Bitcoin dropped to $67,879, marking an 8% decline from last week’s $73,600.</strong></li> 
 <li><strong>Over 104,000 traders were liquidated, resulting in collective losses of $233 million.</strong></li> 
 <li><strong>Analysts suggest a potential rebound if Bitcoin holds above $68K, with targets reaching up to $78K.</strong></li> 
</ul> 
<p>The ongoing crypto market pullback has intensified into the new week, with Bitcoin breaking back into the $67K range. Earlier today, Bitcoin dropped to $67,879, marking a significant 8% decline from <a href="https://coinedition.com/bitcoin-breaks-73k-amid-swelling-inflows-across-newly-launched-etfs/">the $73,600 level it traded last week.</a></p> 
<p>As of press time, Bitcoin has bounced back to $68,570, though it still shows a 2% dip from its intraday high. This correction has spread to the altcoin market, with many tokens falling to new weekly lows after trading higher last week.</p> 
<h2 class="wp-block-heading" id="h-104k-traders-liquidated-with-230m-loss">104K Traders Liquidated with $230M Loss</h2> 
<p>The derivative market is feeling the effects of the crash even more acutely. In the last 24 hours, 104,787 traders with long and short positions have been liquidated, resulting in collective losses of $233 million.&nbsp;</p> 
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   https://twitter.com/ali_charts/status/1852957206745911757 
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<p>Notably, the majority of these losses came from investors betting on a further uptrend for Bitcoin. The largest s…</p>
<p>The post <a href="https://coinedition.com/bitcoin-plunges-to-67k-104k-traders-liquidated-losing-230m-whats-next-for-btc/">Bitcoin Plunges to $67K; 104K Traders Liquidated, Losing $230M: What’s Next for BTC?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin Plunges to $67K; 104K Traders Liquidated, Losing $230M: What’s Next for BTC?

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