Bitcoin Plummets Below $30,000, Triggering Massive Altcoin Liquidations

in #bitcoin • last year

Summary: Bitcoin's recent drop below $30,000 has led to significant liquidations in the altcoin market.

Despite a 2.7% drop in Bitcoin's value over the week, it remains up over the last month.

The BTC/ETH pair has risen by 2.1% in 24 hours.

Data from Coinglass shows $31 million in long liquidations for Bitcoin, while altcoins have seen a total of $190 million in liquidations, with Ethereum alone accounting for $43 million. Bitcoin is currently struggling to break the $30,500 resistance level, and buyers must defend the $28,500 support level to maintain the primary bullish trend.

Screenshot 2023-04-20 14.35.53.png

Image from : https://coinmarketcap.com/

#altcoins #liquidations #ethereum #cryptocurrency #marketdrop #resistancelevel #supportlevel
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