Bitcoin climbs back above $63,500 as market volatility causes spike in liquidations | Headlines | News | CoinMarketCap
03/20/2024 19:56
The price of bitcoin climbed back above the …
The price of bitcoin climbed back above the $63,500 mark during early-day trading on Wednesday, after a volatile 24 hours that saw the digital asset's price drop to a recent low of $69,900.
The value of the largest cryptocurrency by market cap increased over 1% in the past 24 hours, trading at $63,559 at 7:50 a.m. ET, according to The Block's Price Page.
The price of bitcoin has climbed back above the $63,000 mark. Image: The Block.
The price action over the past day led to substantial liquidations of both long and short positions on centralized exchanges. This volatility resulted in the …