Bitcoin’s Price Drop Triggers Massive Liquidations

TL;DR Bitcoin’s Price Drop: Bitcoin’s price fell by 3% to $58,900 after the latest CPI data release, causing market-wide concern. Massive Liquidations: The price drop led to approximately $196 million in Bitcoin liquidations, highlighting the market’s volatility. Market Impact: Major altcoins also dropped, but Bitcoin’s price is now recovering, showing a nearly 1% increase to ... source: https://crypto-economy.com/bitcoins-price-drop-triggers-massive-liquidations/