The Bitcoin (BTC) rate dropped by more than 3% on the night of January 15, immediately dropping to $41,718 against the stablecoin Tether USD (USDT) on the Binance exchange. Then BTC partially won back the losses, and at 11:20 Moscow time the first cryptocurrency was trading at $42.6 thousand, writes RBC Crypto.
The January maximum for BTC was $48.9 thousand, the peak level was reached on January 11, the first day of the launch of trading in shares of spot Bitcoin ETFs, and after reaching it, the coin has been falling in price for several days in a row.
The fall in the price of Bitcoin caused a massive liquidation of margin positions of traders on crypto exchanges. According to Coinglassduring the day, the total amount of forcedly closed positions exceeded $115 million, the majority of traders who were liquidated took long positions, that is, they expected continued growth of Bitcoin and other cryptocurrencies.
Other coins from the top 10 by capitalization also fell in price over the past 24 hours. The second largest cryptocurrency – Ethereum (ETH) – adjusted to $2.5 thousand, having lost about 2% in price per day. The Solana (SOL) token lost 2.5% in a day, Cardano (ADA), Dogecoin (DOGE) and Avalanche (AVAX) dropped from 1 to 3%.
BNB from the Binance exchange is the only major crypto asset that has grown amid the general correction; the token has gained 4.5% over the past 24 hours and is trading at $315. The 15th largest coin by capitalization, Toncoin (TON), also showed noticeable growth, which gained more than 12% in a day and is trading at $2.36.
Source: Cryptocurrency
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