Bitcoin Price Reclaims $74K After CPI Sell-Off Sparks Volatility
Bitcoin rebounded to above $74,600 after dropping to $72,787 following hotter-than-expected U.S. inflation data. The range-bound price action led to low leverage wipeouts, with bitcoin liquidations standing at $51 million out of $199 million market-wide. Derivatives Cool Off as Liquidations Drop Below $200M After plunging to $72,787 following the release of hotter-than-expected U.S. consumer price […]
Key Takeaways
- Bitcoin rebounded to above $74,600 after dropping to $72,787 following hotter-than-expected U.S.
- The range-bound price action led to low leverage wipeouts, with bitcoin liquidations standing at $51 million out of $199 million market-wide.
- Derivatives Cool Off as Liquidations Drop Below $200M After plunging to $72,787 following the release of hotter-than-expected U.S.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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