Bitcoin Drops Below $27,000, Resulting in Almost $100 Million Liquidated in the Past Hour.

05/10 17:51

Bitcoin experienced a drop below $27,000, resulting in almost $100 million being liquidated within the past hour. Coinglass data indicates that 90% of these liquidations were from longs being liquidated. This occurred after a positive CPI reading that had previously taken Bitcoin above $28,000 earlier in the day. CryptoSlate's latest market report explores the key macro factors in the U.S. that could potentially impact Bitcoin's price in the upcoming months.

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