Bitcoin (BTC) losses passed 6% after Wednesday’s Wall Street open as a cascade of liquidations gathered pace.
Key points:
- Bitcoin falls below $67,000 for the first time since the first week of April as losses pile on.
- Liquidations hit $1.25 billion over 24 hours as analysis sees the mid-$50,000 range returning.
- BTC/USD appears to repeat a bear flag breakdown from earlier in the year.
BTC price dives to $66,950 in liquidation cascade
Data from TradingView showed BTC/USD dropping as low as $66,948 on Bitstamp.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
That level marked the pair’s lowest since April 5, erasing months of gains as 24-hour cross-crypto liquidations hit $1.25 billion.
Crypto liquidation history (screenshot). Source: CoinGlass
Continuing a grim divergence from other…
more
Source cointelegraph.com
FTC: We use income earning affiliate links. More on Sposored links.
Terms of use and third-party services. More here.
Terms of use and third-party services. More here.