Bitcoin falls below $63,000 as $150M in longs get liquidated

In crypto news today (June 23), Bitcoin has crashed below $63,000, sparking fears that a drop to $60,000 is imminent. ETF flows are dictating current price action once again, with three consecutive red days, and yesterday alone saw $68M BTC sold. Liquidations have also picked up, with over $575M over the past 24-hours and $458M.. The post Crypto News Today (June 23): BTC Crashes Below $63K, Metaplanet Removed From S&P Japan, RWA Market Hits $51Bn appeared first on 99Bitcoins.

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Roughly 120,000 traders have been wrecked in the past 24 hours as liquidations mount.

Bitcoin is facing pressure on two fronts with continued selling pressure and a new macro headwind, say analysts.

According to analysts, Bitcoin's drop from $82K to $62K could prove more meaningful than the previous pullback from $102K to $82K.