Black_background_logo_BitcoinWorld-removebg-preview
Bitcoin
Latest News

Bitcoin saw its highest daily increase since February 2021, resulting in a $300 million liquidation

The increased price volatility across the whole crypto market resulted in over $300 million in liquidations. For example, Bitcoin’s 15 percent price increase was the greatest in almost a year.

Last week, Russian President Vladimir Putin began a “special military action” against its western neighbor, causing huge market disruptions.

Bitcoin, a highly volatile and free-market currency, plummeted by over $5,000 in a single day, crashing to a monthly low of just over $34,000.

The cryptocurrency, on the other hand, recovered just as quickly the next day, as no other government wanted to get directly involved in the ongoing conflict between the two former Soviet republics.

This caused BTC to consolidate for a few days, with the asset hovering around $38,000.

The situation, however, shifted yesterday.
From the aforementioned level, BTC went on a tear, breaking above $40,000 and soaring to a 12-day high of just over $44,000.

Bitcoin experienced its greatest significant day price spike since February 2021, when it increased by about 20%.

The majority of altcoins have seen even greater gains, resulting in a considerable number of liquidations. According to Coinglass data, over 60,000 dealers have been wiped out in the last day. That’s, with total liquidations exceeding $300 million.

The single greatest liquidation order (worth over $11 million) was placed on Binance. Then, and it featured THETA, a cryptocurrency that has gained more than 20% in a single day.
Related Posts – Bank DBS’s Crypto Business Grows Massively Due To Growing Demand From Investors

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.