Bitcoin (BTC) Short Covering Likely As US CPI Numbers Could Surprise, Predicts Analyst

by Ron Effertz

On Tuesday, Might perchance presumably presumably 14, the sphere’s finest cryptocurrency, Bitcoin (BTC), faced downward stress, experiencing a 1% decline and falling under $62,000. This drop become once attributed to concerns surrounding US macroeconomic knowledge. In response to CoinGlass knowledge, over the past 24 hours, higher than $100 million charge of Bitcoin long positions had been liquidated.

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