Bloomberg Terminal data shows that the flagship cryptocurrency, Bitcoin, has almost reached a two-month low, now trading at the $26,372 level. Previously, Bitcoin was seen at that price mark in the middle of March, more or less two months ago.
As reported by U.Today earlier, over $142 million worth of cryptocurrencies, including Bitcoin, Ethereum and PEPE meme coin, have been noticed recently.
These liquidations have pushed BTC down 4% within the last 24 hours. Ethereum has fallen to $1,746, also losing more than 4% over the past 24 hours.
Bitcoin has been going down since May 10, the day when the CPI report came out with a lower figure than had been expected by analysts.
This fostered the probability that the Federal Reserve would put its rate hikes on hold, and Bitcoin recovered the $28,000 level. Related Crypto Market Liquidation Tops $142 Million.