Bitcoin's price plummeted amidst a tumultuous day, witnessing crypto liquidations surpassing $661 million within the last 24 hours, impacting nearly 200,000 traders. During early trading on March 15, Bitcoin experienced a sharp 7.5% decline within a short span, dropping from $72,000 to $66,500.
Bitcoin, the world's largest cryptocurrency by market capitalization, continued its upward surge on Tuesday, hitting a two-year peak exceeding $57,000. This ascent buoyed the broader crypto market amidst favorable market developments and increased purchasing activity from crypto enthusiasts.
On Monday, Bitcoin surged to $50,000 for the first time in two years, driven by a surge of enthusiasm from new investors and increasing anticipation surrounding an enigmatic event referred to as "the halving."