Bitcoin’s Massive Price Plunge to $58K Triggered Over $320 Million in Liquidations

Crypto Blog

Bitcoin’s price movements took a massive turn for the worse in the past 24 hours as the asset plummeted to a 9-day low of just over $58,000.

Despite bouncing off and currently trading at $59,500, bitcoin is still 6% down on the day, and its market cap has tumbled from $1.240 trillion to $1.170 trillion.The altcoins have suffered even more. Ethereum has dumped by over 8% and now struggles below $2,500. SOL, DOGE, AVAX, SHIB, BCH, DOT, and LINK have charted losses of up to 8%.

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