March 8, 2021

Bitcoin Price Falls Below $ 50,000, Liquidating $ 1.5 Billion Positions

Bitcoin Price Falls Below $ 50,000, Liquidating $ 1.5 Billion Positions

BTC price rolled back from $ 58,500 to levels below $ 50,000.

Over the past 24 hours, the Bitcoin price has dropped by more than $ 10,000 - from a high of $ 58,300 to $ 47,600. At the time of writing, BTC has recovered slightly and is trading above $ 50,000.

Bitcoin Price Falls Below $ 50,000, Liquidating $ 1.5 Billion Positions

According to Bybt.com, more than $ 1.5 billion of positions on exchanges have already been liquidated to date. Most of the liquidations happened on Binance, Huobi and Bybit.

The altcoin market also rolled back rapidly. ETH is trading at around $ 1,600, down 15% overnight. BNB has lost more than 20% and is selling for $ 240.

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According to the materials www.theblockcrypto.com