Massive $1 Billion in Liquidations as Bitcoin Taps $87K: What’s Next?
7 Articles
7 Articles
The crypto market regains its height after a week marked by a correction. On Monday, September 21, the bitcoin reached $87,374, its highest level since the end of January, while billions of dollars were returning to cryptocurrency. The total capitalization of the sector is now approaching $3,000 billion. After a move from $75,000 to $76,000, the market thus regains a firmer dynamic, with the threshold of $90,000 at the center of the discussions.…
Bitcoin Surges Past $87,000 as Short Squeeze Accelerates Market Rebound
Bitcoin surged through $87,000 on Monday, September 21, reaching its highest level in roughly eight months and extending a sharp reversal from last week’s regulatory and macro-driven selloff. BTC traded around $86,958 late Monday afternoon in the U.S., up more than 7% over 24 hours, after briefly crossing the $87,000 threshold. The move leaves Bitcoin more than 15% above the lows around $75,000 reached on September 15. The recovery is particular…
A historic liquidation occurred in the crypto market as short positions exploded. With $1 billion wiped out in futures trading, Bitcoin was challenging the $87,000 mark, while a political funding battle erupted amidst the legislative crisis in Washington.
Bitcoin reached $87,000, its highest level since January. The rise triggered massive liquidations in leveraged trades by investors expecting a decline. The value of positions forced to close by exchanges in the last 24 hours exceeded $1 billion.
Massive $1 Billion in Liquidations as Bitcoin Taps $87K: What’s Next?
Bitcoin’s price is closing in on $87,000 following an explosive rally, which triggered over $1 billion in liquidations across the crypto derivatives market. The cryptocurrency reached an intraday high at exactly $87,000 (at the time of this writing), with its total market cap climbing toward $1.8...
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