Market Analysis
Neutral
Bitcoin Touches $77,000 Amid $260 Million Crypto Liquidations
Bitcoin (BTC) briefly touched $77,000 ($18 million) amid reports of over $260 million ($36.4 billion) in leveraged positions being liquidated in the cryptocurrency market. Bitcoin.com News reported that Bitcoin traded around $76,600 ($17 million) and rose 1% for the day. The report also noted Bitcoin's market capitalization at $1.54 trillion ($215.6 trillion). Bitcoin.com News stated that price volatility persisted following the Federal Reserve's unanimous 25 basis point interest rate hike.
Korean Source
This article is an English localization of a Korean-language crypto news report. Original headline: 비트코인 7만7000달러(약 1억800만원) 터치…암호화폐 청산 2억6000만달러(약 3640억원)