Bitcoin’s Sudden Spike Toward $42K Leaves $200 Million in Liquidations

The bitcoin price jumped to $41,700 just hours ago. This was an increase of 5.6% in under an hour. Unfortunately, the cryptocurrency quickly retraced and liquidated more than $200 million for the day.

The bitcoin’s sideways and choppy price action continues in full force. The cryptocurrency’s volatile sideways price action continues. It spiked from $39,000 up to $41,700 just a few hours earlier. This resulted in significant liquidations by both bears and bulls.

Source: TradingView

Although there was no obvious catalyst, Asian stock markets started trading around the same time as the cryptocurrency industry and it was in green.
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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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