Browsing: Price Watch
Bitcoin fell below $85,000 on Sept. 23 after stronger-than-expected US business activity sent Treasury yields higher and flushed leveraged longs. The reversal broke the momentum behind a rebound that had accelerated as Bitcoin pushed through a large concentration of short positions earlier this week. Selling intensified after S&P Global released its September flash purchasing managersâ…
Bitcoin climbed past $85,000 as a wave of short liquidations fueled a powerful crypto advance, wiping out hundreds of millions in leveraged positions and clearing key technical markers.
Bitcoin surged past $80,000 as the broader financial markets successfully withstood a $148 billion liquidity shock driven by US Treasury tax payments and Federal Reserve balance-sheet movements.