Bitcoin price hits $57,000 for the first time since December 2021
Source Fxstreet
- 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
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
TradingKey - Nvidia (NVDA), the leader in the AI chip market, is set to release its fiscal year 2026 Q3 earnings report after the close of US markets on Wednesday. As US investors engage in a frantic
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP Look for a Foothold After a Sharp ShakeoutBitcoin trades near $92,600 after a dip below $90,000, while Ethereum around $3,118 and XRP near $2.21–$2.23 sit on key support zones, as BTC, ETH and XRP all try to turn a sharp correction into a tradable rebound rather than a deeper slide.
Bitcoin trades near $92,600 after a dip below $90,000, while Ethereum around $3,118 and XRP near $2.21–$2.23 sit on key support zones, as BTC, ETH and XRP all try to turn a sharp correction into a tradable rebound rather than a deeper slide.
Bitcoin's recent drop below $90,000 may signal a market bottom, according to industry leaders.
Australian Dollar holds losses following Q3 Wage Price Index dataThe Australian Dollar (AUD) declines against the US Dollar (USD) on Wednesday after registering more than 0.25% gains in the previous session. The AUD/USD pair remains subdued after the release of medium-impact Wage Price Index data for the third quarter.
The Australian Dollar (AUD) declines against the US Dollar (USD) on Wednesday after registering more than 0.25% gains in the previous session. The AUD/USD pair remains subdued after the release of medium-impact Wage Price Index data for the third quarter.
U.S. September Nonfarm Payrolls: Two-Scenario Analysis, Will U.S. Stocks Diverge in Short-Term and Medium-to-Long-Term Trends?1. IntroductionAffected by the U.S. government shutdown, the September nonfarm payrolls report—originally scheduled for release in early October—will be officially published on 20 November. As a key "
1. IntroductionAffected by the U.S. government shutdown, the September nonfarm payrolls report—originally scheduled for release in early October—will be officially published on 20 November. As a key "
