Bitcoin drops back to $ 21,000 and triggers $ 159 million of liquidations

Bitcoin drops back to $ 21,000 and triggers $ 159 million of liquidations
Bitcoin falls back to deep stalls that have not been reached since January, in the middle of the continuing sales pressure, which is spurred on by the problems of Silvergate and the restrictive central bank policy.
The cryptom market dropped below $ 21,000 and was liquidated within 24 hours of over $ 150 million.
- Bitcoin was traded for $ 21,811 on Thursday at 2:19 p.m. before it sank slowly to $ 21,437 in the next four hours.
- starting at about 18:22 UST, Bitcoin quickly sank from $ 21,431 to $ 20,969 at $ 18:53 It is traded for $ 20,927 at the time of writing.
- according to coin glass , has triggered liquidations of $ 46,32 million in the last hour. Liquidations worth $ 26 million came from Bitcoin trades, another $ 11 million from ETH-related losses.
- Last day, 49,562 traders were liquidated for a total of $ 159.17 million. The greatest individual liquidation took place on Bitmex on an XBTUSD trade for $ 6.49 million.
- Bitcoin was traded well over $ 23,000 at the beginning of this month up to the crypto banking giant Silvergate unveiled Operating damage that would make it impossible for him to submit his annual financial results. The bank officially announced A voluntary hiring of the company on Wednesday-although it is still solvent.
- Meanwhile, the chairman of the US Federal Reserve, Jerome Powell claims Interest rates will probably be increased to To combat inflation, which is still well above its target of 2 %. Increasing interest rates have proven to be primary for both crypto and technology stocks in the past 12 months.
Bitcoin / USD. TradingView.