Bitcoin's Sharp Fall - It's Volatility Gentlemen

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Bitcoin continues to fluctuate and fluctuate, causing unbelievable agony and misfortune for user traders.

Liquidations amounted to more than $100 billion in the past 24 hours.

The new decline in the cost of bitcoin came after long successive periods of sideways exchange of bitcoin and most altcoins.

The cryptocurrency market is known to be highly unstable with double digit value developments in one way or another and in a short time frame.

Oddly enough, be that as it may, the past few days have been incredibly reversed as Bitcoin remains fairly old in the $35,500 to $37,000 region.

As we noted above about Bitcoin being unstable, the stagnation reaction didn't last long until the bears moved and controlled its evolution now.

Bitcoin was exchanging about $37,000 before unexpectedly sinking $5,000.

Although this was a serious drop, conditions deteriorated significantly after another minutes of it, and Bitcoin lost another $1,500 in value.

As generally happens when Bitcoin takes action negatively, altcoins have taken cues from Bitcoin with more inherent misfortunes.

Double-digit drops in value have been evident across the entire altcoin space.

In the end, the total market capitalization of all cryptocurrencies saw more than $200 billion vanish in a single day.

Usually, these improvements hurt brokers using leverage.

As noted by Bybt, liquidations in the past 24 hours have added up to more than $200 billion.

To some extent, it is normal that the dominant part (more than 90%) came from long positions.

According to Bybit, the largest liquidation of the Ethereum broker took place, with a liquidation value of $70 million.

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By @natalia-irish

Thank You



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We hit the bear market, let’s see what happens and where is the floor. There are two positive things. One is we will be buying the dip through the next months. And Two, we will know how good our portfolio is and how much we can earn.

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