Bitcoin (BTC) is back in the red during the ongoing session after Friday’s recovery fizzled out. The flagship cryptocurrency reached an intraday high of $110,369 on Friday but failed to retain momentum, ultimately settling at $109,697.
Bitcoin (BTC) crashed spectacularly on Thursday, falling nearly 4% and going below the key $110,000 level to $109,035. The crash dwarfed Monday’s 2.21% drop, which liquidated over $1.6 billion in leveraged positions.
Bitcoin’s (BTC) Wednesday recovery came to a grinding halt as bears crashed the party. The flagship cryptocurrency traded above $114,000 on Wednesday but lost momentum early on Thursday, briefly slipping below $111,000 before rebounding to reclaim $111,000 and move to its current level of $111,450.
Bitcoin (BTC) has rebounded during the ongoing session as the market looks to put Monday’s crash in the rear-view mirror. Investors jumped in at a key level to buy the dip, preventing a further decline. However, liquidity trends point to a deeper selloff.
Bitcoin (BTC) has recovered from Monday’s dramatic crash, which saw the price drop to an intraday low of $111,761 before reclaiming $112,000. The drop was part of a marketwide crash after a liquidation event that wiped out $1.7 billion in leveraged positions.
Bitcoin (BTC) plunged below $112,000 as the cryptocurrency market was hit by the largest liquidation wave since December 2024. As a result, $1.7 billion in leveraged positions were wiped out, as 390,029 traders were liquidated. Other cryptocurrencies, including Ethereum (ETH) and Ripple (XRP), were also hammered, recording substantial drops.
Bitcoin (BTC) saw minimal movement over the weekend as it held above the $115,000 mark. The flagship cryptocurrency reached $117,890 last week as buyers attempted to cross the $118,000 mark. However, it fell short of this level and fell to a low of $115,179 on Saturday.
Bitcoin (BTC) experienced a sharp decline on Friday after failing to surpass the resistance level around the $118,000 mark. The decline suggests bears are unlikely to give up their positions easily.
Bitcoin (BTC) fell below $116,000 as the 0.25 bps rate cut announced by the Federal Reserve failed to push cryptocurrency prices higher. The flagship cryptocurrency is down nearly 1% during the ongoing session, trading around $116,331.
Bitcoin (BTC) had a muted response to the Federal Reserve’s announcement of a 25-basis point interest rate cut as it fell to an intraday low of $114,724. However, the flagship cryptocurrency has rebounded to reclaim the $117,000 mark and is currently trading around $117,500.
