100 million dollars in liquidation
After a few days of relatively low volatility, the main cryptocurrency's price headed north, surpassing the required level of $35,000 before immediately falling north.
While somewhat expected, the move resulted in millions of dollars in liquidity.
The price of bitcoin (BTC) crossed over $35,000 a few minutes ago (according to CoinGecko), doubling the overall bullishness that has reigned in the sector lately. But the move didn't happen, because the price fell almost immediately.
According to CoinGlass, there are total liquidity for the last 24 hours. get up About $100 million.
The last time the leading digital asset touched the $35,000 mark was in late October following rumors that the US Securities and Exchange Commission (SEC) would soon approve BlackRock's application to launch a spot BTC ETF in the US. Several analysts and even AI-powered language model – ChatGPT have suggested that such a move would have a positive impact on the price of bitcoin. Other factors that could play a role in a possible price hike include future halving, mass adoption and interest from institutional investors. Celebrities have put their BTC predictions, with some thinking it will rise above $100K stakes. For the curious, you can check out the top five latest predictions in the video below:
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