Crypto Blood Bath: Bitcoin Loses $54k Levels, No Bullish Action in Sight

Quick Summary:

This sudden price swing led to nearly $50 million in liquidations within an hour.

There is liquidity building around $55,000, which could influence price movement.

If the price cannot break through these levels, it may get rejected and resume the downward trend.

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Article Details

Author / Journalist: Anjali Belgaumkar

Category: Crypto

Markets: United States

Topics: News Crypto news Bitcoin Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-06 @ 17:43:28 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 286 words

Reading Time: 2 minutes read

Sentences: 27 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 22393689

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 30 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #112

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