Bitcoin Plummets to $38K Leaving Over $700M in Liquidationsths

The past hour saw things take a bad turn as Bitcoin’s value reversed and fell to $38,200 (on Binance). In the last 24 hours, there were more than $700 million in liquidations.

Bitcoin’s price fell below $40K today and dropped to $38,200 on Binance. The price of Bitcoin is currently at $38,600 as of the writing.

Bitcoin Price. Source: Binance. This represents an 8.8% drop in price in the last 24 hours according to CoinGecko. It also marks the lowest price since August 5, 2021, a six month low. BitMEX was the site that received the largest single liquidation order. Ethereum trades at just above $2,800. It was an XBTUSD transaction with a face worth of $9.9million.
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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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