Bitcoin continues to hover around $41,000 as Grayscale’s fund dominates spot ETF volumes | Headlines | News | CoinMarketCap
01/20/2024 01:56
Bitcoin continued to flirt with the $41,000 mark for the second consecutive day as cumulative volume for the 11 new spot ETFs surpassed $15 billion …
Bitcoin continued to flirt with the $41,000 mark for the second consecutive day as cumulative volume for the 11 new spot ETFs surpassed $15 billion on their sixth day of trading.
The world's largest crypto currency by market capitalization declined 1% to $41,065 at 1:17 p.m. ET, according to The Block data. It dipped below $41,000 for the first time in more than a month yesterday.
Over the past 24 hours, price volatility has resulted in liquidations of almost $87 million in leveraged bitcoin positions, with the majority (over $74 million) being longs.

Bitcoin has dipped below $41,000 for the second day in a row. Image: The Block's Prices Page.
The overall crypto market saw over $230 million of liquidated long positions in the past 24 hours, contributing to a total of $271 …