Bitcoin Quickly Plunges Below $103K, With Volatility Burst Spurring $450M in Crypto Liquidations

Bitcoin's recent rally was short-lived, plummeting from $106,500 to below $103,000 during U.S. trading, before recovering slightly to $103,200. Other cryptocurrencies like Ethereum experienced sharper declines, with notable volatility leading to $450 million in liquidations. Despite macroeconomic risks, there was no clear external catalyst for the downturn. Currently, Bitcoin trades within a sideways range of $100,000 to $110,000, highlighting market indecision between long-term bullish sentiment and short-term uncertainties. To delve deeper into the dynamics of cryptocurrency trading and market sentiment, read more. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk