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    Bitcoin price hits $57,000 for the first time since December 2021

    Source Fxstreet
    Feb 27, 2024 02:42
    • 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-week chart

    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 

    BTC liquidations 

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
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    Source  Fxstreet
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    Source  Fxstreet
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    Source  Fxstreet
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