Market Cap
24h Vol
7054
Cryptocurrencies
82725
Markets
CryptoSlate
2020-02-26 14:43:26

Why the Bitcoin price just dropped below $9k in steep reversal, liquidating $83 million in longs

The Bitcoin price just dropped below the $9,000 level, hitting $8,964 on BitMEX. The sentiment around the cryptocurrency market noticeably declined after BTC rejected the $10,000 resistance level three times in a span of 15 days. What’s triggering the trend reversal? Within a span of minutes, BitMEX recorded around $83 million worth of long liquidations […]The post Why the Bitcoin price just dropped below $9k in steep reversal, liquidating $83 million in longs appeared first on CryptoSlate.