Bitcoin back above $61,000 after rout leads to $1.6 billion liquidations
Hex37's read
- Bitcoin dropped below $60,000, causing $1.6 billion in liquidations.
- The selloff was triggered by a strong jobs report, affecting stocks and crypto.
- Bitcoin has since recovered and is trading above $61,000.
What it means for traders
- Increased liquidations can signal heightened volatility and potential for sharp price swings.
- Macroeconomic data releases like jobs reports can significantly impact crypto markets.
Affected markets
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