As bitcoin dipped below the $ 29K threshold and the overall crypto economy experienced a 1.4% decrease to $ 1.17 trillion, cryptocurrency derivatives markets underwent $ 92 million in liquidations, primarily in long positions. Cascading Effect: Bitcoin’s Fall Under $ 29K Sparks $ 92 Million in Liquidations The crypto economy, …
Bitcoin, Ethereum Technical Analysis: BTC Nears Breakout Below $29K, With Key US Economic Events Looming
Bitcoin neared a breakout below the $ 29,000 level on Monday, as traders prepared for this week’s Federal Reserve rate decision. In addition to the Fed meeting, consumer confidence data will also be released from the United States. Ethereum hit a three-week low. Bitcoin Bitcoin (BTC) was on the brink of falling outside …