$74.71m Liquidated From The Market In The Last 24 Hours While Bitcoin Struggles To Hold $18K Level
According to Gate.io news, a total of $74.71 million were liquidated off the crypto market in the last 24 hours as Bitcoin fails to hold above $18k level. A notable number of 19,328 traders were liquidated within the last 24 hours according to Coinglass.
These massive liquidations come from the announcement from the United States Federal Reserve's decision to increase interest rates by 50 basis points, bringing high volatility to the market and ultimately subjecting Bitcoin to a sudden price dip from $18,377 to $17,564 price mark.
On Gate.io's Bitcoin chart fund inflow data, the flagship cryptocurrency has recorded about 278 million inflows in the last 24 hours and 246 million outflows in the same period, bringing its net inflows to 32.1million. Despite the result from the Fed's announcement, many analysts believe we are currently bottoming out and Bitcoin will be ready for a next bull run in no time.
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$74.71m Liquidated From The Market In The Last 24 Hours While Bitcoin Struggles To Hold $18K Level
According to Gate.io news, a total of $74.71 million were liquidated off the crypto market in the last 24 hours as Bitcoin fails to hold above $18k level. A notable number of 19,328 traders were liquidated within the last 24 hours according to Coinglass.
These massive liquidations come from the announcement from the United States Federal Reserve's decision to increase interest rates by 50 basis points, bringing high volatility to the market and ultimately subjecting Bitcoin to a sudden price dip from $18,377 to $17,564 price mark.
On Gate.io's Bitcoin chart fund inflow data, the flagship cryptocurrency has recorded about 278 million inflows in the last 24 hours and 246 million outflows in the same period, bringing its net inflows to 32.1million. Despite the result from the Fed's announcement, many analysts believe we are currently bottoming out and Bitcoin will be ready for a next bull run in no time.