Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
BTC slipped as low as $68,580 from above $71,000. The largest cryptocurrency by market cap was recently priced near $69,000, down about 4% over the past 24 hours, CoinDesk data shows.The declines led to almost $200 million worth of leveraged derivatives trading positions being liquidated across all digital assets as of 15:45 UTC,shows. The overwhelming majority, some $175 million worth of positions, were longs betting on prices to rise.
"Bitcoin continues to demonstrate remarkable resilience, finding support amidst a period of consolidation," he said in an emailed note."The daily chart hints at a potential lower top around $71,800, suggesting the possibility of corrective price action before a fresh attempt at record highs.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
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