Bitcoin has managed to reclaim the $65,000, but the bulls are not out of the woods just yet
Despite the recent dip, the price of the leading cryptocurrency is up roughly 25% over the past 30 days. provided by CoinGlass, more than $46 million worth of short positions have been liquidated over the past four hours. Roughly $12 million worth of short positions have been wiped out in the span of a single hour. Earlier today, the price of Bitcoin plunged to as low as $62,349, according to CoinGecko data.
At press time, the Bitcoin price is down 12% from its current all-time high of $73,737 which was achieved on March 14. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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