Bitcoin Price Dips Below $83K as 129,197 Traders Get Wiped Out
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Bitcoin.com
Cryptocurrency News | Cryptocurrency Prices | Market CapBitcoin Price Dips Below $83K as 129,197 Traders Get Wiped out
Roughly $500 million in leveraged crypto bets were liquidated in a single day as the bitcoin price slipped under $83,000, and the push came from outside crypto, namely oil, bonds and a rare gold rout. It Started With Oil The chain reaction began on Monday, Sept. 28, when President Donald Trump rejected Iran’s latest proposal […]
The rise in US bond yields and pressure on interest rates has hit the crypto market. With $531 million worth of leveraged trades wiped out, the total market capitalization has fallen to $2.86 trillion, while Bitcoin struggles to hold above the $83,000 mark.
Bitcoin Lost $83,000! $500 Million in Leverage Wiped Out in the Crypto Market! Here Are the Details.
Rising oil prices, bond yields, and interest rate hike concerns pressured the crypto market, causing Bitcoin to briefly fall to $82,600. Risk appetite weakened in the cryptocurrency market, pushing Bitcoin below the $83,000 level. BTC traded around $82,600 during the day, losing nearly 2% in value over the 24-hour period. The sell-off wasn't limited to Bitcoin; Zcash also saw a decline of [...] Source: Bitcoinsistemi.com
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