Bitcoin Price Swings Lead to Massive Crypto Liquidations

Tuesday, 12 March 2024, 18:45

Bitcoin's price surged above $73K before tumbling to $69K and rebounding to $71K, causing $360M in crypto liquidations. The momentum driving the rally has eased, signaling a phase of consolidation according to Matrixport analysts.
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Bitcoin Price Swings Lead to Massive Crypto Liquidations

Bitcoin Price Volatility Overview

Momentum behind bitcoin's rally has waned, leading to a rollercoaster ride in prices.

Key Highlights:

  • Bitcoin surged above $73K before tumbling to $69K and then rebounding to $71K.
  • This sharp movement triggered $360M in crypto liquidations.
  • Matrixport analysts anticipate a consolidation phase following the volatility.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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