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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Rakin343 on January 27, 2021, 08:47:53 PM

Title: Bitcoin drops below $30k with $450 million in futures liquidated—what's next?
Post by: Rakin343 on January 27, 2021, 08:47:53 PM
The cryptocurrency market saw over $450 million worth of futures contract positions liquidated in the last 24 hours. In the same period, Bitcoin pulled back by more than 7%, showing weakening momentum.

On Binance, the price of Bitcoin dropped to as low as $29,500, retesting a critical support level.
Bitcoin price chart. Source: BTCUSD on TradingView.com
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