Bitcoin (BTC) fell to $56,555, its lowest level in 2 months.
BTC liquidations from the market totaled over $170.8 million in the last 24 hours.
Distress grips the global crypto market as Bitcoin (BTC) sinks to $56K, slamming the brakes on its momentum within the $62K-$66K zone. From its all-time high (ATH) of $73,750 in March, the largest-capped crypto has retreated by 23% to hit its 2-month low of $56,555.
Consequently, crypto liquidations in the past 24 hours surpassed $511.23 million. Traders have liquidated over $170.8 million worth of BTC and $135.2 million Ether (ETH). According to data from Coinglass, just in the past 1 hour, over $50 million worth of BTC were offloaded.
BTC/USDT 4-Hour Price Chart (Source: TradingView)
The price of Bitcoin has decreased by 8.61% in the last 24 hours to $56,981 as of the time of writing. Its market cap dropped from $1.25 trillion to $1.12 trillion. Bitcoin is currently in the oversold zone, as indicated by its relative strength
We współpracy z: https://thenewscrypto.com/breaking-down-bitcoins-retreat-to-56k-a-call-for-caution/
