Over $300M Liquidated as Bitcoin Price Saw its Highest Daily Increase Since February 2021

Over $300 million in liquidations were caused by the increased price volatility in the whole crypto market. One of the largest price increases in Bitcoin history was its 15% surge.

After the “special military operation” by Russian President Vladimir Putin against the west, financial markets were disrupted for several days. Bitcoin was unable to recover from the lows of $5,000 and $34,000 on Monday. BTC then experienced a consolidation period, with the asset hovering around $38,000 for a few more days. Yesterday’s situation was different. BTC surged above $34,000 and then remained at that level for a few days. Coinglass data shows that more than 60,000 traders lost their lives in the last day. The total liquidations amount to over $300 million.

BTCUSD. Source: TradingView
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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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