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Bitcoin drops sharply to $58 thousand


十月, 27 2021
watermark Economic news

The cost of bitcoin fell sharply on Wednesday: in just ten minutes, the cryptocurrency fell in price by more than $2 thousand – from the area near $62 thousand to $58.4 thousand.The current BTC/USD quote is $ 58.66.


On October 20, the most popular cryptocurrency updated its historical record, reaching $67 thousand. Some analysts suggest that after the current correction, bitcoin will go up again and the price may even reach $100 by the end of this year. Including due to the rise in inflation around the world.


Today's decline in bitcoin led to the liquidation of positions of crypto traders in the amount of over $548 million. The volume of liquidated positions per day amounted to $840 million. Against the background of this fall, alternative coins also fell in price. For example, the price of Ethereum fell to $3.9 thousand (a 7% decrease per day), and traders who traded ether lost about $244.5 million.


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外汇本质上有高度的投机性和复杂性,可能并不适合所有投资者。 外汇交易可能会带来重大的收益或损失。 因此,建议您不要承担无法承受的损失。 在使用ForexMart提供的服务之前,请确认外汇交易相关联的风险。 必要时寻求独立的财务意见。请注意,过去的业绩和预测都不是未来结果的可靠指标。