Bitcoin Trader Sees Prices Slumping to $60K as Crypto Bulls See $650M in Liquidations
Crypto market capitalization dropped 7%, with significant tokens like bitcoin, ether, and others falling greatly in the previous 24 hours.The decrease was activated by higher-than-expected inflation information and profit-taking by some traders, with some experts forecasting more losses before a possible rebound.Crypto market capitalization dropped 7%, its sharpest fall this year, as bitcoin (BTC) plunged 8% in the previous 24 hours to clean weekly gains and start a marketwide decrease.Bitcoin dropped from Thursday's high of $73,000 to as low as $65,800 early Friday before somewhat recuperating. Coindesk 20, a broad-based index of the majority of liquid cryptocurrencies, was down 8.25%.Ether (ETH), Cardano's ADA, BNB Chain's BNB and XRP revealed comparable losses, while unpredictable meme ...