Tuesday, June 18, 2024
Home > News > Bitcoin News > Bitcoin (BTC) Price Little Changed After Liquidation Rout

Bitcoin (BTC) Price Little Changed After Liquidation Rout

Bitcoin was little changed over the weekend following a $400 million liquidation rout on Friday. BTC fell to under $69,000 from over $71,000 after U.S. non-farm payrolls data came in stronger than expected, which saw open interest and trading volume slump. Since Friday, the number of unsettled futures contracts across various tokens slid to $60 billion from $99 billion, suggesting traders significantly pared bets. However, analysts at Presto Research told CryptoX that they expect market volatility to return in the week ahead with macroeconomic catalysts such as the CPI release on Wednesday. BTC traded around $69,450 during early European hours. The CryptoX 20 Index (CD20) has fallen around 0.5% in the past 24 hours.

Source