Bitcoin News: Why Did Bitcoin Price Fall Back To $77K So Quickly?
Photo: Coinpedia
Bitcoin price tumbled over 4% to $77,060 after briefly surging from $75K to $81K yesterday. Coinglass recorded $213M in total 24-hour liquidations, with long positions taking a massive $194M hit (90%). Dropping below $80K support puts the 200 day EMA band at risk, threatening a deeper crash if broken. Today’s Bitcoin news shows that price swung wildly yesterday from $75K to $81K before falling back to $77K today. BTC is trading lower around $77,060, down over 4% on the day. Think of this crypto market sell-off like a chain reaction on a bridge.
Source: Coinpedia
