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Bitcoin (BTC) Price Tanks Toward $80K as Liquidations Approach $1B


Bitcoin (BTC) Price Tanks Toward $80K as Liquidations Approach $1B

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AI Overview

Bitcoin (BTC) faced a significant drop over the weekend, falling to a two-month low of $81,000 after being rejected at $90,000. The decline follows a brief period of stability around $83,000 and $84,000. Market tensions, including geopolitical factors and the Federal Reserve's decisions, are contributing to this volatility.

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After a relatively calm and untypical Friday, in which BTC remains sideways around $83,000 and $84,000 while the precious metal market tanked, the cryptocurrency is dumping hard once again on Saturday.

Recall that the asset’s overall calamity began on Thursday when it was rejected at $90,000. In the following hours, it dropped by nine grand to a then-two-month low of $81,000.

Read the article at CryptoPotato

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In This News

Coins

$ 69.88K

-3.93%

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