CandleFocus Bitcoin Price Bounces Back Above $100K Following Liquidation Bloodbath
2024-12-06
Author: Content Editor
Bitcoin experienced a rise above $100,000 on Wednesday, followed by a sharp decline on Thursday which dropped the price below $93,000 due to crypto liquidations. However, on Friday, Bitcoin started to regain ground lost during the previous day's plunge and crossed the $100K mark again. The price currently sits at around $101,233, and Bitcoin has been relatively stable over the last 24 hours. On Thursday, there were about $890 million worth of liquidations across all assets, with Bitcoin responsible for the majority at over $489 million. The cause of Bitcoin's rebound on Friday is not immediately apparent, but it coincided with a strong U.S. jobs report and the appointment of venture capitalist David Sacks as the White House's first-ever AI and Crypto Czar.
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