Bitcoin Price Jumps Nearly 10%; Looks To Regain $30K

Also Read: Pepe Coin Gets Huobi Backing; PEPE Price To Skyrocket?

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Bitcoin Seeks To Breach $30K

Bitcoin price jumped by more than 9% looking to regain the crucial $30K price level. BTC is trading at an average price of $29,879, at the press time. Its 24 hour trading volume is up by 58% to stand at $24.7 billion. BTC dominance increased by around 0.86% over the past day to stand at 46.87%.

Coinglass reported that more than 39K traders have been liquidated in the last 24 hours. Around $145 million of funds have been liquidated. The single largest liquidation order happened to be registered on Bybit of BTC/USD value of $2.20 million.

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Data depicts that $123 million of shorts (84%) were liquidated, while $22.9 million on longs were liquidated. This indicates that traders were bidding for the crypto market to decline further.

Also Read: Coinbase (COIN) Price Shoots Pre-Market Amid Uncertain Regulatory Battle

As per the data, over $60 million of Bitcoin Shorts (87%) were liquidated, while just $8.39 million longs were liquidated. This indicates that traders were hoping for Bitcoin price to drop ahead as BTC was trading under increased selling pressure.

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