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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