Sharp Change in BTC/USD Price: Causes and Consequences

<p><img width="612" height="344" src="https://www.actionforex.com/wp-content/uploads/2020/12/f-bitcoin19.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2020/12/f-bitcoin19.jpg 612w, https://www.actionforex.com/wp-content/uploads/2020/12/f-bitcoin19-600×337.jpg 600w, https://www.actionforex.com/wp-content/uploads/2020/12/f-bitcoin19-300×169.jpg 300w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>On Monday morning, the price of bitcoin fell sharply. As the chart shows, the BTC/USD rate fell below 42,000 on Monday during the Asian session. According to Coinglass, the decline resulted in about $400 million worth of positions being liquidated by about 100,000 traders on cryptocurrency exchanges. So far, the price has found support around […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/531193-sharp-change-in-btc-usd-price-causes-and-consequences/">Sharp Change in BTC/USD Price: Causes and Consequences</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>