The anticipation of Federal Reserve Chair, Jerome Powell’s upcoming remarks about inflation; and the economy led to more cryptocurrency anxiety.
Bitcoin and Ether traded sideways. Recently, Bitcoin was trading at around $21,500, up less than a percent from the previous day. The flagship crypto has been tenaciously holding onto its handhold above $21,000; despite generally weak trade as investors wait for more clarification regarding the future course of the U.S. central bank’s monetary policy.
For the day, 33,592 traders were liquidated, the total liquidations come in at $84.47 million. The largest single liquidation order happened on Binance – BTCUSDT value $872.34K.
At least for the time being, this week has not seen the same level of dramatic volatility as last week, which caused bitcoin to drop by more than $4,000 in a couple of days.
The most recent significant drop in price occurred over the weekend when BTC plunged to a three-week low of $20.8K on the Binance market.