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Bitcoin's Price Volatility Continues with Retargeting and Reversals.

1 min read
Source: Cointelegraph
Bitcoin's Price Volatility Continues with Retargeting and Reversals.
Photo: Cointelegraph
TL;DR

Bitcoin's price returned to around $29,000 after panic over alleged Mt. Gox and US government transactions faded. The claims turned out to be false, but not before wiping a large slice of open interest from derivatives markets and sending BTC/USD down 7%. Liquidations on Bitcoin passed $150 million, with cross-crypto liquidations totaling over $320 million. Traders are cautious due to the rough price action and intense reaction to the news event on lower timeframes.

Topics:businesscryptocurrency#bitcoin#cryptocurrency#liquidation#mt-gox#traders#volatility
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  1. Bitcoin price retargets $29K after Mt. Gox panic liquidates $320M  Cointelegraph
  2. Bitcoin reverses lower after briefly topping $30,000 again  CNBC
  3. First Mover Asia: Bitcoin Seesaws Wildly Before Settling Above $29K  CoinDesk
  4. Bitcoin touches $30K as BTC bulls well-positioned for weekly $3.2B options expiry  Cointelegraph
  5. Bitcoin Price Prediction: BTC's Roller Coaster Ride - Recovering After an 8% Drop, Will It Reach 30K Today?  Cryptonews

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