Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-battles-below-69000-as-market-adjusts/" data-wpel-link="internal">Bitcoin Battles Below $69,000 as Market Adjusts</a><br></p>
<p style="text-align: justify">In the world of <a href="https://en.coin-turk.com/bitcoin-dominance-reaches-highest-level-in-2-years-impact-on-altcoins/" data-wpel-link="internal">Bitcoin</a> and cryptocurrencies, a battle is currently underway. <strong>Bitcoin</strong> has seen prices below $69,000. The price has descended from the $73,000 level. This is being interpreted as the correction that has been much discussed recently.</p> 
<h2 style="text-align: justify" id="bitcoin-price-falls-below-69-000">Bitcoin Price Falls Below $69,000</h2> 
<p style="text-align: justify">As of writing this article, the price of Bitcoin has fallen below $69,000. <strong><a href="https://coin-turk.com/bitcoin-btc-daha-da-dusecek-mi" data-wpel-link="internal">BTC</a></strong> price is recovering and is now trading above the $70,000 level.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-326452 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/btc-coin-turk-com-1-6.png" alt="" width="350" height="189"></p> 
<p style="text-align: justify">With the recent decline, approximately $102 million worth of positions have been liquidated within an hour. Of the liquidated positions, $15 million were in short positions, while $86.6 million were in long positions.</p> 
<h2 id="what-s-next-for-bitcoin">What’s Next for Bitcoin?</h2> 
<p>We may find ourselves asking this question more often. We are at a stage where occasional pullbacks in a bullish market are considered normal. It is well known that during Bitcoin’s historical rise, there have been many pullbacks.</p> 
<p>On the other hand, the flagship cryptocurrency had been in a long-term uptrend. The surge triggered by the approval of spot Bitcoin ETFs is likely to continue. We can tell this from <a href="https://en.coin-turk.com/microstrategy-buys-12000-bitcoins-sp-500-and-dxy-analysis/" data-wpel-link="internal">BTC</a>‘s quick recovery to trade above $70,000.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-battles-below-69000-as-market-adjusts/" data-wpel-link="internal">Bitcoin Battles Below $69,000 as Market Adjusts</a></h5>

Bitcoin Battles Below $69,000 as Market Adjusts

Table of Contents

COINTURK NEWS

Other articles published on Mar 12, 2024

Jamie Dimon backs Bitcoin ownership rights, despite personal aversion

Dogecoin (DOGE) Community Warned of Airdrop Scams: Details

Grayscale Proposes Cost-Effective Bitcoin Mini Trust to SEC

Eyowo says its MFB licence has been reinstated by CBN with an ‘approval in principle’

Ripple's XRP Surges 20%, Outshining Bitcoin And Ethereum: Analyst Predicts Potential Breakout Tow...

London Stock Exchange (LSE) To Accept Bitcoin Exchange-traded Notes (ETNs) Applications

Join our free newsletter for daily crypto updates!