Bitcoin’s price continues declining, unable to find grounds for a rebound throughout this week. The broader cryptocurrency market is also feeling the pressure as the last 24 hours saw most of the coins drop in value.
Bitcoin’s Price Tumbles Below $64K
Bitcoin has been having hard times throughout the past few days, completely unable to stage any sort of recovery.
As CryptoPotato reported earlier this week, the price attempted to push toward $66K but the sellers intercepted the move and reestablished their positions. At the time of this writing, BTC trades below $64K.
Source: TradingView
This move also caused a relatively considerable amount of liquidated positions, most of which had gone long. In fact, the past 24 hours saw around $150 million worth of total liquidations, 73% of which – long.
The drop coincides with a relative decline in the stock market throughout the past day as well.
Source: Finviz
As seen in the heatmap above, a lot of the leading stocks in the index such a
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