The post Bitcoin Plummets Below $55,000 Amid Massive Liquidations appeared first on Coinpedia Fintech News
Bitcoin’s price has fallen below the $55,000 mark for the first time since February, marking a dramatic decline of 13% within just four hours. The leading cryptocurrency experienced an intraday fall of 4.46%, signaling significant market volatility.
The broader crypto market also faced substantial long liquidations over the past two days, totaling $697 million. Bitcoin alone accounted for $207 million of these liquidations, highlighting the intense sell-off pressure.