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

• 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