Bitcoin Tumbles to $62K as Meme Coins Nosebleed in Latest Crypto Downturn (Market Watch)
The cryptocurrency market remains volatile, and the battle between buyers and sellers is intensifying. Following yesterday’s bounce, the majority of coins are currently trading in the red, going through a correction that erased all of the recent gains.
This has caused an uptick in derivatives liquidations, currently standing at $230 million, as well as declining market sentiment.
The pullback follows news that the US Bankruptcy Court for the District of Delaware has approved FTX’s reorganization plan, according to which creditors will receive between $14.7 and $16.5 billion in recovered assets.
Bitcoin Price Crashes to $62,000
The Bitcoin price has been on a rollercoaster for the past 24 hours. It increased to as…
