Coinspeaker
Bitcoin Price Tops $26.4K, Quickly Rejected as Over $311M Liquidated in Crypto Market
For the first time since June last year, Bitcoin price traded above $26K on Tuesday after the United States Bureau of Labor Statistics released the Consumer Price Index (CPI) data yesterday that was in line with expectations. The top digital asset by market capitalization gained as much as 10 percent during the day, but the rally was short-lived as Bitcoin closed the day trading below $25K. According to our latest crypto price oracles, Bitcoin price exchanged around $24.6K during the early Asian trading market.
As a result, Bitcoin’s market capitalization stood at approximately $479,436,070,331, and its 24-hour traded volume at around $54,906,757,429. According to aggregate data from Coinglass, over $151 million was liquidated from the Bitcoin market in the past 24 hours.
Notably, the entire cryptocurrency market registered total liquidations of approximately $311 million following the s
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