Over $400M worth of liquidations in past 24 hours as Bitcoin nears to $47K
Bitcoin's price shot up above $47,000 this morning, a price that we hadn't seen since January 2nd. The volatility also took its toll on the market, leaving over $410 million worth of liquidations in the past 24 hours.
Bitcoin's price shot up above $47,000 this morning, a price that we hadn't seen since January 2nd. The volatility also took its toll on the market, leaving over $410 million worth of liquidations in the past 24 hours.
Bitcoin's price is on a steady path forward as the cryptocurrency entered a 7th consecutive green day. BTC trades at approx $47,000 but reached as high $47,650
This price point that we hadn't seen since January 2nd when Bitcoin was going in the opposite direction.
With this surge, the cryptocurrency charts an increase of approx 13.5% in the past seven days.
Source: TradingView
It's also worth noting that the increased market volatility and turmoil led to over $410 million worth of liquidated positions over the past 24 hours.
The largest single liquidation order took place on Bitmex. it was a BTC perpetual with a face value of a whopping $10 million.
Read: The Brazilian city of Rio de Janeiro to accept Bitcoin for Real Estate Taxes
