The past 24 hours were absolutely nothing except amazing in the cryptocurrency market, which went on an incredible rollercoaster. The entire experience left about $350 million worth of liquidations as Bitcoin, and the rest dipped to multi-month lows only to get better immediately after.
Bitcoin Dips to September 2021 Lows
The other day was an especially vicious day, defined by a significant chop in the price of the leading cryptocurrency. Surprisingly enough, the daily candle light opened and closed at practically the specific same time, charting a 0.07% decrease.
Nevertheless, while the price opened at $41,850, it peaked at $42,250 and bottomed at $39,558, according to Bitstamp. The latter is the most affordable point since September 21st, 2021.
It’s worth keeping in mind that Bitcoin invested no greater than a few minutes below $40K as the bids were rapidly filled and catapulted the price back above the crucial level. At the time of this writing, BTC is trading at around $42K, having touched $42.6 K in the interim.