06-23-2021, 01:56 PM
Bitcoin Crashes Below $30K For The First Time Since January 2021
<!-- SC_OFF --><div class="md"><h3>An Outlook on recent happenings -</h3> <p>Things in the cryptocurrency market are looking increasingly bad as the price for bitcoin just crashed below $30,000</p> <p>Bitcoin’s price is currently trading below $30,000.</p> <p>This hasn’t happened in months as the last time we saw these levels was in January 2021.</p> <p>Other cryptocurrencies are also following suit with most of the altcoins charting double-digit declines on the weekly.</p> <p>This has also led to almost $800 million worth of liquidated positions across the major exchanges over the past 24 hours.</p> <p>The largest single liquidation order happened on Bybit. It was a Bitcoin position with a face value of $5.4 million.</p> <p>Not surprisingly, the majority of liquidations came from long positions. In the past hour alone, around 94% of the longs were wiped off.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Ghoststoke"> /u/Ghoststoke </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o5mzdf/bitcoin_crashes_below_30k_for_the_first_time/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o5mzdf/bitcoin_crashes_below_30k_for_the_first_time/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><h3>An Outlook on recent happenings -</h3> <p>Things in the cryptocurrency market are looking increasingly bad as the price for bitcoin just crashed below $30,000</p> <p>Bitcoin’s price is currently trading below $30,000.</p> <p>This hasn’t happened in months as the last time we saw these levels was in January 2021.</p> <p>Other cryptocurrencies are also following suit with most of the altcoins charting double-digit declines on the weekly.</p> <p>This has also led to almost $800 million worth of liquidated positions across the major exchanges over the past 24 hours.</p> <p>The largest single liquidation order happened on Bybit. It was a Bitcoin position with a face value of $5.4 million.</p> <p>Not surprisingly, the majority of liquidations came from long positions. In the past hour alone, around 94% of the longs were wiped off.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Ghoststoke"> /u/Ghoststoke </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o5mzdf/bitcoin_crashes_below_30k_for_the_first_time/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o5mzdf/bitcoin_crashes_below_30k_for_the_first_time/">[comments]</a></span>Kind Regards R