Bitcoin managed to keep his head out of the water on Friday, sticking around the $ 112,000 The level even if most traders seemed quite uncertain about what comes next. The price rebounded between $ 109,347 and $ 111,723 throughout the day, which tells you that no one really knows where this thing is heading in the short term.
What is interesting is this bitcoin actually acquired A little ground, ending around $ 112,572 with a small increase of 0.65%. It is not bad when you consider how nervous everyone seems to be about everything that is going on in the world at the moment.
The real drama occurred with all these liquidations. Nearly $ 300 million in leverages were completely destroyed in a single day. Ethereum Traders was struck the worst, losing around $ 97 million, while Bitcoin positions lost an additional $ 54 million. These are the people who borrowed money to bet as much and were burned when prices have evolved against them.
Some experts believe that Bitcoin could find it difficult to approach $ 113,500, because this is where many sales generally occur. On the other hand, the mining network is stronger than ever, which generally means that people are still quite optimistic about the future of Bitcoin, even if daily trading is uncertain.
Ethereum has his own problems, exchanging $ 4,400 And fundamentally, go aside for the moment.
Conclusion
Bitcoin was stable above $ 111,000 despite liquidations of massive cryptography totaling $ 300 million, Ethereum being confronted at critical resistance levels before potential prices movements.
Read also: Bitcoin Whale Shifts
