Not Quite the Christmas Rally for Bitcoin (BTC)

Bitcoin plunges after the Christmas weekend, registering significant liquidations for a second time this month.

  • BTCUSD price drops up to US $3,000 at the start of the week
  • The legacy digital asset tracked a similarly significant crash to US $41,000 at the start of December
  • Liquidations of up to US $300 million tracked across crypto futures contracts

The cryptocurrency market saw significant liquidations just after the Christmas weekend, as Bitcoin charted a significant dip from US $52,000 price levels. The legacy digital asset made momentous climbs upward beginning in December 2020, proceeding well into November 2021 at all time high prices of US $68,000. However, the jury is out as to whether …

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