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via CoinDesk · By CoinDesk Staff

Bitcoin drops below $62,000 as $1.5 billion in crypto longs get wiped out

BTC

BTC/USDT

$79,615.80

-1.77%

$79,615.80

-1.77%

(24s)

24h Volume

$17,255,794,636.15

24h H/L

$81,423.03 / $78,660.00

Change: $2,763.03 (3.51%)

Long/Short

52.6%

Long: 52.6%Short: 47.4%

Funding Rate

-0.0014%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,603.06

▼ -0.07%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,300.00

Resistance 1$79,916.17

Price$79,603.06

Support 1$78,324.21

Support 2$76,172.06

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.2

CoinDesk Staff

(02:13 AM UTC)

1 min read

Updated byEmily Watson

0 comments

Presto Research says bitcoin's drawdowns this year have coincided with rallies in AI stocks and gold as markets scale back expectations for Fed rate cuts.

Bitcoin plunged below $62,000 Thursday morning Hong Kong time, triggering more than $1.5 billion in leveraged crypto liquidations over the past 24 hours as a wave of forced selling accelerated the market's steepest decline in months.

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Source

CoinDesk Staff · CoinDesk

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