The post Bitcoin Plummets Below $55,000 Amid Massive Liquidations appeared on BitcoinEthereumNews.com.

The post Bitcoin Plummets Below $55,000 Amid Massive Liquidations appeared first on Coinpedia Fintech News Bitcoin’s price has fallen below the $55,000 mark for the first time since February, marking a dramatic decline of 13% within just four hours. The leading cryptocurrency experienced an intraday fall of 4.46%, signaling significant market volatility. The broader crypto market also faced substantial long liquidations over the past two days, totaling $697 million. Bitcoin alone accounted for $207 million of these liquidations, highlighting the intense sell-off pressure. Source: https://coinpedia.org/crypto-live-news/bitcoin-plummets-below-55000-amid-massive-liquidations/

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Filed under: News - @ July 5, 2024 7:18 am