Bitcoin recovers above $44,000 but price correction risks remain says CryptoQuant | Headlines | News | CoinMarketCap
01/04/2024 23:04
Bitcoin has recovered above $44,000, an increase of over 4% in the past 24 hours. The uptick comes after the digital asset plunged below $41,000 on …
Bitcoin has recovered above $44,000, an increase of over 4% in the past 24 hours. The uptick comes after the digital asset plunged below $41,000 on Wednesday, causing the liquidation of over $500 million worth of leveraged positions across derivatives exchanges, according to Coinglass data.
The bitcoin uptick comes amid sustained spot bitcoin ETF anticipation and the release of U.S. Federal Reserve minutes on Wednesday, which showed policymakers are considering multiple rate cuts in 2024.
According to The Block's Price Page, the largest digital asset by market capitalization is now changing hands for $44,025 at 10:40 a.m. ET.
Bitcoin has recovered above $44,000, an increase of over 3% in the past 24 hours. Image: The Block
Bitcoin price correction risks
However, according …