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Bitsky000

06/18 07:50

Here’s Why Crypto Market Is Crashing Today as Bitc

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Here’s Why Crypto Market Is Crashing Today as Bitcoin Price Dips Below $64K Bitcoin price dipped below $64,000 again after crashing 3% today. The crypto market opened the week with optimism, but that faded fast. Ethereum is also down 3%, now trading below $1,750. The macro-driven price drop forced the closure of over-leveraged long positions. Bitcoin had $141.64 million in liquidations over 24 hours, with longs accounting for 69% of the total. That selling pressure amplified the initial decline. We reported earlier today that Bitcoin price is down because of the Fed meeting yesterday. But let us dig into it more to understand what actually happened.
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