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Bitcoin Price Forecast: Carry Trade Unwind To Trigger Another Big Drop?
The Bitcoin price is today quoted around $86,053.19, down 2.42% on the day. Ethereum (ETH/USD) trades near $2,941.29, down 3.91%, while XRP (XRP/USD) hovers around $1.88804, having lost 4.64%. The Bitcoin market has endured a punishing slide over the past two days. At the time of writing, BTC trades around $86,053.19, down roughly 2.42 percent on the day and just over 5 percent for the week. The decline accelerated after the cryptocurrency failed to hold the $90,000–$92,000 region, leaving a trail of liquidated long positions and rattled sentiment. Activity data show that almost $200 million in leveraged longs were ... (full story)
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