Crypto Market on Edge as Bitcoin Hits $115K
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The majority of cryptocurrencies are trading in the green today, but the situation remains relatively uncertain with Bitcoin testing $115K.
The broader cryptocurrency market remains relatively uncertain, although for the past 24 hours, it appears that the bulls might be having the upper hand.
The global tension, largely provoked by ongoing geopolitical conflicts and trade hurdles has surely had an impact, while the state of the US economy also seems to be a fundamental consideration behind the recent market moves in crypto.
The past 24 hours saw BTC’s price increase by around 0.8% and attack the $115,000 level yet again. The sellers attempted a push below $114,000, as CryptoPotato reported in yesterday’s market watch, but were unsuccessful.
Regardless, the volatility has been relatively minimal, particularly when speaking about Bitcoin, which is also reflected in the liquidations over the discussed period. BTC accounted for $18 million, while ETH took center stage and accounted for $50 million worth of liquidated positions.
Data from Coinglass shows that the total number is around $146 million, which is less than what’s typical, highlighting subdued trading activity across the derivatives markets over the past 24 hours.
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