Bitcoin struggling to break above $51,600 could trigger another big drop in BTC price.
Bitcoin recovered quickly from $44,800 to over $50,000 in under 22 hours and here are three key reasons why.
A staggering $5.64 billion worth of futures positions was liquidated in the last 24 hours as the price of Bitcoin dropped 17%.
A CME gap closed at around $55,504 as the price of Bitcoin steeply dropped following the new weekly candle.
The price of Bitcoin achieved a new all-time high above $57,800 after a brief overnight correction.
Ether price is attempting to conquer $2,000 as the Ethereum blockchain is seeing increasing demand.
Bitcoin has been outperforming Ethereum in the past few days as one popular trader says this is a result of “simple math.”
The number of Bitcoin whales is increasing as the price of BTC continues to rise.
The price of Bitcoin broke $50,000 on futures exchanges and several data points suggest the U.S. session could see the rally continue.
More than $1.89 billion worth of cryptocurrency futures positions were liquidated over the past 24 hours as Bitcoin and Ether sharply dropped.