Bitcoin Dips Below $60K, Triggering $8.4M in Liquidations Amid Market Uncertainty

Bitcoin’s price has fallen below $60,000 for the first time since late June, resulting in significant losses for long contract traders. Ethereum is similarly affected, with substantial long contract liquidations occurring in a short period. “The U.S. economy is strong and the labor market is strong,” said Jerome Powell, adding complexity to the market sentiments. […]