Bitcoin price hits $57,000 for the first time since December 2021
Trending Articles- Bitcoin Cash Unveiled: Why Did BCH Price Surpass BTC? Can it Soar to $1,000 in the Future?
- AUD/USD holds steady below 0.6650, highest since September ahead of China's trade data
- After the Crypto Crash, Is an Altcoin Season Looming Post-Liquidation?
- The 2026 Fed Consensus Debate: Not Hassett, It’s About Whether Powell Stays or Goes
- WTI drifts lower to near $58.50 on Iraq oilfield recovery
- AUD/USD sticks to gains above 0.6600, highest since late October after Aussie trade data
■ Bitcoin price tagged $57,000 for the first time since December 2021.
■ This move comes after BTC inflated by 5.31% on Monday and nearly 5% in the early trading session on Tuesday.
■ Investors need to be cautious of this volatility as it could see a significant sell-off.
Bitcoin price had low volatility between February 15 and 25, but in the last two days the buyers seem to have made a comeback as BTC hit $57,073 on Binance.
Bitcoin price hits $57,000
Bitcoin price has hit a new yearly high of $57,000 for the first time in more than two years. The bull run that began in 2023 is still going strong and shows no signs of stopping. The nearly 5% upswing noted on Tuesday, coupled with the Monday's 5% has made this move possible.
BTC/USDT 1-day chart
According to data from CoinGlass, this explosive move has liquidated nearly $250 million worth of positions on Monday, with $120 million liquidated as of February 27.
BTC liquidations
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
