Bitcoin $95,701.32 (BTC) has fallen hard in the last 24 hours and went down to the lowest level since January 13th. The biggest crypto currency has lost more than $ 9,000 since the summit of last week and dangled below $ 90 thousand. This mobility in the market led to a high amount of liquidation, and the total liquidations exceeded $ 1 billion.
Bitcoin price fell hard
Bitcoin climbed up to $ 99 thousand 500 on Friday last week. Behind this ascension, Coinbase had positive developments in the two -year case with SEC. However, the market could not maintain this optimism.
While passing relatively calm at the weekend Bitcoin price 96 thousand dollars remained. On Monday, there was a small retreat and the price fell to $ 94 thousand. On the morning of Tuesday, the sales pressure increased and Bitcoin fell below the $ 90 thousand threshold. This was recorded as the lowest level of the last six weeks.
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With the decline in the market, investors face great damages. Bitcoin’s price losses have been over 10 thousand dollars since Friday. However, some analysts argue that this correction is healthy.
1 billion dollars of liquidation
Bitcoin and altcoinThe harsh decline in the s has led to a large extent liquidation of leverage positions. Over the last 24 hours, more than $ 1.3 billion positions have been closed. Most of the liquidations came from Long positions of about $ 1.25 billion.
The biggest singular liquidation Binance It took place on the stock market and was worth $ 20 million. According to CoNSS data, more than 364 thousand investors in the last 24 hours have been reset.
Altcoin market He also took a hard blow. Ethereum (ETH) 
$2,682.11, Dogcoin 
$0.229956 (Dogge), Solana (LEFT), Chainlink 
$16.67 (LINK), CARDANO 
$0.733292 (ISLAND), XRP, Stellar 
$0.31763 (XLM), Avalanche 
$23.71 (AVAX) and Litecoin 
$123.37 (LTC) Large coins fell with double digit.
Crypto Money MarketThe reasons behind this fluctuation include a major hacking attack from the Bybit stock exchange. It was recently reported that the fund of $ 1.4 billion was stolen from Bybit. This incident contributed to the negative movement of the market by shaking the investor confidence.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
