The world's largest cryptocurrency, Bitcoin, fell below $90,000 today, but it rose in just minutes and is trading around $92,500 at the time of writing.
The cryptocurrency, which fell to $89,256 at its lowest level of the day, gained approximately 4% in value with the rise it experienced afterwards.
However, Bitcoin price volatility continues and major price movements occur within minutes. The reason for the increase in volatility is unknown, but it can be thought that the effect of Donald Trump taking over the presidency on January 20 is felt in the price and a sell-the-news type of development is taking place.
Despite the increase in BTC price, it is still trading 2.81% lower in the last 24 hours.
With the increase in volatility, a serious liquidation wave was also triggered in the cryptocurrency market. According to the data, $705 million worth of assets were liquidated in the cryptocurrency market in the last 24 hours. Interestingly, the most liquidation occurred not in Bitcoin, but in Ethereum with $171 million.
*This is not investment advice.
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