Bitcoin briefly dips under $60K amid reports of worsening Middle East crisis
The price of Bitcoin briefly went under $60,000 for the second time this week after reports of explosions at an airport in central Iran.
The price of Bitcoin (BTC) briefly dropped below its critical $60,000 support level again on Friday, falling 5.44% in just two hours amid escalating geopolitical tension in the Middle East.
On April 19, Bitcoin’s price briefly slumped down to $59,698 before quickly recovering to $61,352. It’s a crucial breakdown to note, given that if its price falls down to $59,000 then approximately $243 million in long positions will be liquidated, as per CoinGlass data.
Over the last 4-hours, $34.03 million in Bitcoin long positions have been liquidated, data shows.
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Author: Ciaran Lyons
