#биткоин lost 7% since the start of the week. What’s needed to regain previous value?
Crypto traders have taken a hit of over $450 million amidst a 2% drop in Bitcoin and #Ethereum. .
The local price peak at the beginning of this week was reached following news of a ceasefire between the US and Iran, when on June 14, President Donald Trump announced an agreement with Iran. After that, the rally stalled, and the pressure on crypto prices coincided with the conclusion of the Fed's governors' meeting on interest rates: monetary authorities kept it unchanged.
Despite the recent price rebound, "the market remains in a solid bear trend."
Experts believe that any change can only be discussed after returning to previous price levels. Further recovery depends on liquidity inflow and buyers’ ability to hold current levels.
Crypto traders are facing multi-million dollar losses in the futures market. Over the past 24 hours, crypto exchanges have liquidated the positions of 117,000 traders for a total exceeding $450 million. Nearly $250 million of losses came from the Bitcoin and Ethereum markets.
Crypto traders have taken a hit of over $450 million amidst a 2% drop in Bitcoin and #Ethereum. .
The local price peak at the beginning of this week was reached following news of a ceasefire between the US and Iran, when on June 14, President Donald Trump announced an agreement with Iran. After that, the rally stalled, and the pressure on crypto prices coincided with the conclusion of the Fed's governors' meeting on interest rates: monetary authorities kept it unchanged.
Despite the recent price rebound, "the market remains in a solid bear trend."
Experts believe that any change can only be discussed after returning to previous price levels. Further recovery depends on liquidity inflow and buyers’ ability to hold current levels.
Crypto traders are facing multi-million dollar losses in the futures market. Over the past 24 hours, crypto exchanges have liquidated the positions of 117,000 traders for a total exceeding $450 million. Nearly $250 million of losses came from the Bitcoin and Ethereum markets.