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Bitcoin Gives Up $27K in Sharp Tumble as Crypto Liquidations Top $100M
The price earlier on Monday had risen to above $27,400, its highest level since late August.
Bitcoin ( BTC ) rise above $27,000 proved short-lived, as the token tumbled about 2% in minutes during early afternoon U.S. hours to $26,700.
The largest and oldest cryptocurrency had advanced to as high as $27,420 earlier Monday, its highest price since late August.
BTC was still up 0.8% over the past 24 hours, underperforming the broad-market proxy CoinDesk Market Index's ( CMI ) 1.1% rise.
Notable outperformers today are Solana's SOL , Litecoin's LTC and bitcoin cash ( BCH ), up 3%-4% even after paring some of their early gains. Chainlink's native token LINK soared nearly 8% today amid new partnerships with traditional financial institutions.
Read More: https://www.coindesk.com/markets/2023/09/18/bitcoin-gives-up-27k-in-sharp-tumble-as-crypto-liquidations-top-100m/
The price earlier on Monday had risen to above $27,400, its highest level since late August.
Bitcoin ( BTC ) rise above $27,000 proved short-lived, as the token tumbled about 2% in minutes during early afternoon U.S. hours to $26,700.
The largest and oldest cryptocurrency had advanced to as high as $27,420 earlier Monday, its highest price since late August.
BTC was still up 0.8% over the past 24 hours, underperforming the broad-market proxy CoinDesk Market Index's ( CMI ) 1.1% rise.
Notable outperformers today are Solana's SOL , Litecoin's LTC and bitcoin cash ( BCH ), up 3%-4% even after paring some of their early gains. Chainlink's native token LINK soared nearly 8% today amid new partnerships with traditional financial institutions.
Read More: https://www.coindesk.com/markets/2023/09/18/bitcoin-gives-up-27k-in-sharp-tumble-as-crypto-liquidations-top-100m/
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