Bitcoin $BTC momentarily fell below $96,000. The volume of liquidations exceeded $585 million. On the evening of November 24, 2024, the price of Bitcoin dropped below the level of $96,000. During the day, the value of the first cryptocurrency decreased from $98,800 to $95,900, according to TradingView. At the time of preparing this material, the asset managed to return above the mark of $96,000. The increase over the past week was 6.2%, and the monthly growth reached 41%. The market capitalization of the asset remains at $1.895 trillion.
The volatility of Bitcoin led to a significant surge in liquidations in the crypto market. Over the past 24 hours, positions of 225,346 traders were lost. The total amount of liquidations exceeded $585 million. The majority of the losses came from long positions — $467.85 million. Traders with short positions lost $117.25 million, according to CoinGlass.
