In a dramatic 24-hour period, the crypto market witnessed significant liquidations amounting to over $500 million as Bitcoin's price dropped to $64,569. This event led to the liquidation of long positions across various digital assets, with Ethereum suffering the most at $92.52 million in liquidations. Despite a quick recovery for both Bitcoin and Ethereum, the market remains volatile. Analysts have mixed predictions, with some expecting further dips and others forecasting a strong rebound.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.