Bitcoin Liquidations Surge as Volatility Grips Crypto Market
- Bitcoin has dropped, triggering $406M liquidations, part of $2.21B total market losses.
- Arthur predicts Bitcoin to dip to $75K before hitting $250K due to liquidity.
- Global money printing could boost Bitcoin’s value, potentially reaching $250K or $1M.
In the last 24 hours, Bitcoin (BTC) has seen a sharp decline, with its price dropping by 6.90%, now sitting at $94,184. This drop triggered massive liquidations, with $406.73 million in Bitcoin positions wiped out, part of a broader $2.21 billion total market liquidation.
As a result, market sentiment has shifted. The Fear & Greed Index currently sits at 39, indicating widespread fear among investors. Bitcoin’s dominance remains strong at 61.57%, while Ethereum follows at 9.94%, as market participants navigate the ongoing turbulence in the crypto space.
Why the Bitcoin Price Could Hit $75,000
CIO of Maelstrom and analyst Arthur Hayes predicts Bitcoin will hit $75,000 before reaching $250,000. Economic factors might be contributing to the volatility, which he expects to result in Bitcoin temporarily dipping to $75,000. This dip will happen because after Trump’s election, Bitcoin’s price surged ahead …
The post Bitcoin Liquidations Surge as Volatility Grips Crypto Market appeared first on Coin Edition.
Read More
From ‘Never Sell’ to Maybe Sell? Saylor’s Strategy Filing Changes Bitcoin Tune
Bitcoin Bull Hayes Predicts ‘Yachtzee’ Price Move After Japan Meeting
Bitcoin Liquidations Surge as Volatility Grips Crypto Market
- Bitcoin has dropped, triggering $406M liquidations, part of $2.21B total market losses.
- Arthur predicts Bitcoin to dip to $75K before hitting $250K due to liquidity.
- Global money printing could boost Bitcoin’s value, potentially reaching $250K or $1M.
In the last 24 hours, Bitcoin (BTC) has seen a sharp decline, with its price dropping by 6.90%, now sitting at $94,184. This drop triggered massive liquidations, with $406.73 million in Bitcoin positions wiped out, part of a broader $2.21 billion total market liquidation.
As a result, market sentiment has shifted. The Fear & Greed Index currently sits at 39, indicating widespread fear among investors. Bitcoin’s dominance remains strong at 61.57%, while Ethereum follows at 9.94%, as market participants navigate the ongoing turbulence in the crypto space.
Why the Bitcoin Price Could Hit $75,000
CIO of Maelstrom and analyst Arthur Hayes predicts Bitcoin will hit $75,000 before reaching $250,000. Economic factors might be contributing to the volatility, which he expects to result in Bitcoin temporarily dipping to $75,000. This dip will happen because after Trump’s election, Bitcoin’s price surged ahead …
The post Bitcoin Liquidations Surge as Volatility Grips Crypto Market appeared first on Coin Edition.
Read More
From ‘Never Sell’ to Maybe Sell? Saylor’s Strategy Filing Changes Bitcoin Tune