Bitcoin's Price Volatility Continues with Retargeting and Reversals.
TL;DR Summary
Bitcoin's price returned to around $29,000 after panic over alleged Mt. Gox and US government transactions faded. The claims turned out to be false, but not before wiping a large slice of open interest from derivatives markets and sending BTC/USD down 7%. Liquidations on Bitcoin passed $150 million, with cross-crypto liquidations totaling over $320 million. Traders are cautious due to the rough price action and intense reaction to the news event on lower timeframes.
- Bitcoin price retargets $29K after Mt. Gox panic liquidates $320M Cointelegraph
- Bitcoin reverses lower after briefly topping $30,000 again CNBC
- First Mover Asia: Bitcoin Seesaws Wildly Before Settling Above $29K CoinDesk
- Bitcoin touches $30K as BTC bulls well-positioned for weekly $3.2B options expiry Cointelegraph
- Bitcoin Price Prediction: BTC's Roller Coaster Ride - Recovering After an 8% Drop, Will It Reach 30K Today? Cryptonews
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
2 min
vs 3 min read
Condensed
85%
494 → 74 words
Want the full story? Read the original article
Read on Cointelegraph