world’s largest cryptocurrency BitcoinAlthough it fell below $ 90,000 today, it experienced an increase in just minutes and is trading around $ 92,500 at the time of writing this article.
The cryptocurrency, which dropped to $89,256 at the lowest level of the day, gained approximately 4% in value with the subsequent rise.
However, volatility in the Bitcoin price still continues and large price movements occur within minutes. The reason for the increase in volatility is unknown, but it can be thought that the effect of Donald Trump’s assumption of the Presidency on January 20 was felt in the price, and a development similar to a sell the news event occurred.
Although the BTC price has increased, it is still trading 2.81% lower when evaluated in the last 24 hours.
With the increase in volatility, a serious liquidation wave was triggered in the cryptocurrency market. According to data, assets worth $705 million in the cryptocurrency market were liquidated in the last 24 hours. Interestingly, the most liquidation occurred not in Bitcoin, but in Ethereum with $171 million.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/bitcoin-dipten-toparladi-volalite-cok-yuksek-likidasyonlar-tepetaklak-iste-son-durum/
