Ethereum

Bitcoin (BTC) price changed little after liquidation.

Bitcoin was little changed over the weekend After a $400 million liquidation on Friday.. BTC fell from above $71,000 to below $69,000 after stronger-than-expected U.S. non-farm payrolls data led to soft open interest and volume. Since Friday, the number of outstanding futures contracts across various tokens has fallen from $99 billion to $60 billion, suggesting traders have significantly scaled back their bets. However, analysts at Presto Research told CoinDesk that they expect market volatility to return within a week due to macroeconomic catalysts such as Wednesday’s CPI release. BTC was trading around $69,450 during early hours in Europe. The CoinDesk 20 Index (CD20) is down about 0.5% over the past 24 hours.

Related Articles

Back to top button