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.
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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
Bitcoin Breaks $103K as Wallets Surge and $108K Target Forms