Bitcoin Rebounds After Flash Crash Amidst Market Volatility
TL;DR Summary
Bitcoin, Ethereum, and Dogecoin experienced a sharp decline following a flash crash, with Bitcoin dropping to $94,355 before recovering to the high $97,000s. The crash led to $1.72 billion in cryptocurrency liquidations, primarily affecting leveraged long positions. Despite the volatility, long positions for Bitcoin increased, indicating optimism for future price rises. Analyst Justin Bennett highlighted critical support levels for Bitcoin, while CryptoQuant noted strong buying pressure from U.S. institutional investors. The global cryptocurrency market cap fell by 5.37% to $3.48 trillion.
- Bitcoin, Ethereum, Dogecoin Recover Losses After Flash Crash: Analyst Pinpoints Critical BTC Support Levels Benzinga
- Bitcoin Price Dips Below $100,000. 2 Things That Could Reignite the Rally. Barron's
- Crypto Bloodbath: $1.5 Billion Liquidated as Bitcoin Crashes to $94K Bitcoin.com News
- Crypto crash wipes out $1.7 billion in leveraged positions, Bitcoin plunges toward $94,000 Crypto Briefing
- Bitcoin falls 5% to $95,519 Reuters
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