• Bitcoin briefly surpassed $70,000 before retreating back to around $69,100
• Digital assets market faced over $157 million in liquidations in the past 24 hours, with $100 million being long positions
• MicroStrategy’s stock price rose by almost 7%, currently trading around $1,624
Volatility persists in the crypto markets as Bitcoin flirts with the $70,000 mark. Digital assets saw significant liquidations over the past day according to data from Coinglass.
Bitcoin Hits $70,200
Earlier today, Bitcoin briefly surpassed $70,200 just before the US markets opened. It has since retreated back to around $69,100. This marked a notable 5% increase from its recent low on May 31.
$157 Million in Liquidations
According to Coinglass, the past 24 hours have seen over $157 million in liquidations across digital assets. Of these, nearly $100 million were long positions and approximately $59 million were short positions.
Ethereum Sees More Liquidations Than Bitcoin
Coinglass data shows that Ethereum experienced even more liquidations than Bitcoin during the same period. Out of the $37 million liquidated in Ethereum, $28 million were long positions. This highlights the ongoing volatility across the crypto ecosystem.
MicroStrategy Stock Rises
Meanwhile, MicroStrategy Inc (MSTR) has seen its stock price rise by almost 7%, currently trading around $1624.
The crypto markets continue to see significant price swings and liquidations. As major cryptocurrencies like Bitcoin and Ethereum push towards key resistance levels, volatility is likely to persist.
