The price of bitcoin {{{BTC}}} fell to as low as $67,000 during Friday's Asian trading hours, down 7%, before recovering to around $68,500.shows that over $100 million in long positions have been wiped out over the last 12 hours, while $167 million in longs have been liquidated over the last 24 hours.has further cooled the expectation of a Fed rate cut, and gold prices have also tumbled.
Adrian Wang, Founder and CEO of Metalpha, said that market could be adjusting to uncertainties ahead of the next month's mining "The historical trading volume of Blackrock’s Bitcoin ETF has caused some unease in the market, with some stakeholders fearing that bitcoin's price will surge too much too soon and could experience a flash crash," Wang said in an email interview with CoinDesk."The price correction indicates the market is adjusting its expectations on bitcoin given the uncertainties presented by the halving event as well.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »