Bitcoin Price Retakes $57,000, Causing $160 Million in BTC Liquidations

Date:

July 8, 2024

Bitcoin retook $57,000 Monday morning, after slipping below $55,000 just a few hours earlier. This volatile start to the week has seen almost $160 million worth of BTC liquidations take place.

The industry’s leading cryptocurrency fell to $54,600 in the early hours of Monday morning but climbed 4% to $57,000 in the 10 hours that followed. At time of publication, Bitcoin’s price is around $57,175, up 0.6% on the day, per data from CoinGecko.

Over the past 24 hours, approximately $102 million in Bitcoin (BTC) short positions were liquidated, per data from CoinGlass, with an additional $57 million in long positions also liquidating. During this same time frame, Ethereum only saw $63 million of liquidations as it retook $3,000.

Bitcoin’s volatile price moves…

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Bitcoin Price Retakes $57,000, Causing $160 Million in BTC Liquidations

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