Bitcoin (BTC) price has bounced back to stabilize above the 61,000
dollar mark after a brutal liquidation wave hit the crypto market, wiping out 150 billion dollars in market value within days.
The market is currently in a state of extreme caution and sharp volatility driven by geopolitical and economic factors.
[1, 2, 3]
Here’s a quick summary of the key events and updates in the crypto space right now:
Price action and technical rebound
* Bitcoin (BTC): currently trading near 62,500 dollars, having rebounded from its lowest point during the rapid crash at 59,227 dollars.
Despite the recovery, the market remains fragile.
[4, 5]
* Ethereum (ETH): the coin has stabilized around 1,618 dollars, after plummeting earlier due to overall selling pressure in the market. [3, 5, 6]
* Liquidation wave: the value of long positions liquidated reached about 1.6 billion dollars, which intensified the rapid drop before buyers stepped in to support prices.
[4]
#ECBExpectedToRaiseRates25Bps
dollar mark after a brutal liquidation wave hit the crypto market, wiping out 150 billion dollars in market value within days.
The market is currently in a state of extreme caution and sharp volatility driven by geopolitical and economic factors.
[1, 2, 3]
Here’s a quick summary of the key events and updates in the crypto space right now:
Price action and technical rebound
* Bitcoin (BTC): currently trading near 62,500 dollars, having rebounded from its lowest point during the rapid crash at 59,227 dollars.
Despite the recovery, the market remains fragile.
[4, 5]
* Ethereum (ETH): the coin has stabilized around 1,618 dollars, after plummeting earlier due to overall selling pressure in the market. [3, 5, 6]
* Liquidation wave: the value of long positions liquidated reached about 1.6 billion dollars, which intensified the rapid drop before buyers stepped in to support prices.
[4]
#ECBExpectedToRaiseRates25Bps