Crypto Blog
Bitcoin’s price was heading south for several consecutive days, culminating in a price dump below $61,000 yesterday amid fears of what the US central bank will announce in regards to its monetary policy.
However, the asset went on a roll yesterday after the Federal Reserve outlined no significant changes. The rest of the market followed suit.yesterday morning’s price declines, which drove BTC to its lowest price tag in over two weeks of under $61,000. This transpired amid the ongoingThe landscape sort of improved in the next 12 hours as Bitcoin had recovered around a grand.
Despite losing some ground since then, Bitcoin still trades above $67,000, meaning that it has gained 9% on the day. Most altcoins have followed suit, with ETH skyrocketing by 13% to over $3,500, SOL adding 15% and tapping $190, while DOGE has shot up by 20% and sits above $0.15.over-leveraged traders, with nearly 100,000 getting wrecked in the past day. The total value of liquidated positions is at over $320 million, while the single-largest one was on Binance – worth $7 million.
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