Skip to content 
Key Takeaways
- Bitcoin’s price fell below $87,000, leading to a sharp market decline.
- Nearly $200 million in long positions were liquidated within one hour.
Share this article
Bitcoin’s price suddenly dropped below $87,000 on Monday, wiping out nearly $200 million in long trades in the last hour, according to data from CoinGecko and Coinglass.
Long liquidations occur when exchanges automatically close leveraged long positions after prices fall below certain thresholds, requiring traders to sell their holdings.
The pullback in Bitcoin sent shockwaves across the crypto market. Ethereum, BNB, and Solana each lost around 4% in the last hour, while XRP fell nearly 3%.
Source link
#Bitcoin #price #tumbles #87K #triggering #200M #longs #liquidated #hour
top altcoins, Ethereum alternatives, new cryptocurrencies
crypto trading bots, automated trading strategies, AI in cryptocurrency
Bitcoin mining, Ethereum mining, best crypto mining hardware
Bitcoin news, cryptocurrency latest news, blockchain updates
best crypto wallets, secure Bitcoin wallets, multi-currency wallets reviews
blockchain technology, fintech innovations, decentralized finance (DeFi)
crypto market analysis, Bitcoin price prediction, Ethereum forecast
cryptocurrency predictions, Bitcoin price forecast, crypto trends 2024, crypto trends 2025
live Bitcoin prices, crypto price updates, Ethereum price report
how to trade cryptocurrency, crypto trading strategies, beginner crypto trading
Welcome to “Cryptocurrency Trading,” your comprehensive destination for the latest news and analysis in the world of **cryptocurrencies** and **currency trading**. We provide rich content focused on **market analysis**, **trading strategies**, and **emerging technologies** that impact the **cryptocurrency market**. Join us to discover the **best investment opportunities** in **Bitcoin**, **Ethereum**, and other leading cryptocurrencies. Our goal is to equip you with the information you need to enhance your trading skills and achieve success in the world of **investment**. Follow us for continuously updated content that supports you in making informed decisions.
:max_bytes(150000):strip_icc()/GettyImages-1602814557-d619f869278645688a2e63753d1293bc.jpg?w=150&resize=150,150&ssl=1 "How to Use ChatGPT to Minimize Retirement Fees and Secure Your Financial Future")
