Bitcoin fell more than 5% and its price is around US$85,000 on Monday (12/1). In the last 24 hours, there was a liquidation of US$577 million (Rp9.2 trillion), most of which were long positions.
The rise in interest rates in Japan has strengthened the yen. This has triggered forced liquidation of more than US$290 million in the crypto market, especially in Bitcoin and Ethereum, weakening market sentiment, particularly in the Asia Pacific region.
Additionally, there was an exploit on the yETH pool owned by Yearn Finance. This issue raised new concerns about DeFi security, reduced TVL, and triggered further sell-offs in major assets like ETH and BTC.
BTC
86,714.18
+0.51%