Bitcoin's Volatility Sparks $500M in Crypto Liquidations
Originally Published 1 year ago — by Decrypt
Bitcoin rebounded to near $98,000 after a weekend dip triggered significant liquidations, with $500 million affected. Despite volatility, demand remains strong, supported by potential regulatory changes under the incoming Trump administration, which may favor the crypto industry. Charles Schwab plans to enter the crypto market once regulations are clearer, while the SEC is set for leadership changes. Optimism has also boosted other assets like XRP and increased interest in U.S.-listed Bitcoin ETFs.