đ„đ„Hot development! Bitcoin fell to $61,000! And after? đ„đ„
Bitcoin price fell to $61,000. There was panic in the cryptocurrency market before the court ruling by former Binance CEO Changpeng Zhao. This uncertainty has driven the price of Bitcoin down and poses a risk of a fall below $61,000.
Bitcoin fell to $61,000, millions of dollars were liquidated:
When the price of Bitcoin fell to $61,000, billions of dollars were wiped from the cryptocurrency market. 80,710 investors were liquidated in the last 24 hours and the total liquidation amount was $239 million. While the largest liquidation took place at Binance, the liquidation amount at Ethereum was $5.03 million. Looking at the liquidation numbers from the last 24 hours, it appears that Ethereumâs liquidation figure is higher than Bitcoinâs. While there was a $75 million liquidation for Ethereum, there was a $64 million liquidation for Bitcoin.
Bitcoinâs $60,000 Support Is Important:
The BTC/USD pair entered a downtrend as it failed to overcome the $64,750 resistance zone. Bitcoin price is currently looking for support near $61,200. If the price closes below $61,000, it might be reasonable to expect further declines. In this case, it is estimated that the price could drop towards $60,750. In case of further decline, the price could drop to $60,200 in the near term.
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