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
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Gold Price Forecast: XAU/USD falls below $5,050 as traders await US jobs data Gold price (XAU/USD) attracts some sellers near $5,035 during the early Asian session on Tuesday. The precious metal edges lower amid improved risk sentiment and some profit-taking. Traders brace for key US economic data later this week, including delayed employment and inflation reports.
Gold price (XAU/USD) attracts some sellers near $5,035 during the early Asian session on Tuesday. The precious metal edges lower amid improved risk sentiment and some profit-taking. Traders brace for key US economic data later this week, including delayed employment and inflation reports.
Gold (XAU/USD) attracts some dip-buyers following the previous day's modest slide and climbs back above the $5,050 level during the Asian session on Wednesday.
Financial Markets 2026: Volatility Catalysts in Gold, Silver, Oil, and Blue-Chip Stocks—A CFD Trader's OutlookThe financial world is perpetually in motion, but the landscape for 2026 seems to be shaping up to be particularly dynamic. For CFD traders navigating global markets, this heightened volatility could present a distinctive set of challenges and opportunities.
The financial world is perpetually in motion, but the landscape for 2026 seems to be shaping up to be particularly dynamic. For CFD traders navigating global markets, this heightened volatility could present a distinctive set of challenges and opportunities.
Related Instrument
