Bitcoin (BTCUSD) Tumbles Below $72,000 After Eight-Day Rally and Heavy Liquidations
Bitcoin falls below $72,000 after an eight-day winning streak, with the broader crypto market dropping 2.8% and significant liquidations of leveraged long positions.
Market context
Follow the story. See which markets it affects. Explore the context.
Bitcoin falls below $72,000 after an eight-day winning streak, with the broader crypto market dropping 2.8% and significant liquidations of leveraged long positions.
Bitcoin fell to $87,895 amid concerns over quantum computing risks and leveraged long liquidation, despite debate over the role of supply pressure in the current bear market phase.
Bitcoin faces renewed volatility amid weak ETF inflows and over $500 million in leveraged long liquidations, influenced by U.S. economic data expectations and rising Japanese government bond yields a…