$150M in Liquidations as Bitcoin Soars to New 9-Month High Close to $27K

Jordan Lyanchev
Jordan Lyanchev

17 Mar 2023 11:29 AM

Over 44,000 traders were liquidated in the past 24 hours, according to data from CoinGlass....

  • Bitcoin reached a new multi-month high at almost $27,000.
  • Altcoins also increased resulting in over $150 million liquidated on a daily scale.
  • BTC has been on a roll since the banking crisis worsened last week and expanded to Europe during this one.
  • The number of liquidated trades has increased to well over 44,000, and the majority were engaged in short positions.
  • The latest price jumps came after news from the US Federal Reserve informing that Silicon Valley Bank, Signature Bank, and other unnamed banking organizations have borrowed $300 billion to aid some of its recent issues.

The article has a positive sentiment as it talks about Bitcoin reaching a new multi-month high and altcoins also increasing. The news from the US Federal Reserve also seems to have a positive impact on the cryptocurrency market.

Go to publisher site

Related Questions

What is the current value of Bitcoin?
What caused the recent increase in Bitcoin and altcoins?
How many liquidated trades were there and what was their total value?
What news from the US Federal Reserve impacted the cryptocurrency market?
When was the last time Bitcoin tapped $27,000?

Related Queries

Banking crisis
US Federal Reserve

Related Content