Bitcoin price has reverted to the depths of $65,000, levels last seen on April 5. Altcoins dipped with BTC to record double-digit losses as Ethereum lost 10%. Over $880 million position were liquidated seven days to Bitcoin halving. Bitcoin price shocked markets on Friday during the early hours of the US session. BTC shorts and longs alike were caught off guard in a move that whiplashed cryptocurrency market players from both biases in the millions.
BTC/USDT 1-day chart Meanwhile, one analysts on X, @DaanCrypto, observes that Bitcoin price is building up a pretty large liquidity zone at the $72,000 region. With positions building on both sides, the recent move is unsurprising and may have set the tone for yet another to come with markets preparing for the BTC halving in a week. Bitcoin, altcoins, stablecoins FAQs What is Bitcoin? Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money.
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