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.
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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