Posted 3/6/2024, 1:13:00 PM
Bitcoin Hits $69K Before Sharp Sell-Off; SEC Lawsuit Rocks Crypto Industry But Rebound Seen Likely
- Bitcoin pushed to a record high above $69,000 on Tuesday before retreating; it has shown resilience by rebounding in Asian hours
- There was significant volatility and over $1 billion in liquidations as bitcoin fell to as low as $60,800 amid profit-taking
- LMAX Digital said the record high sets the stage for a push toward $100,000, although setbacks below $50,000 are possible
- A SEC lawsuit led Binance.US to lose $1 billion in assets, causing revenue to plunge 75% and leading to 200 layoffs
- Revolut has partnered with MetaMask so users can top up their MetaMask wallets directly from their Revolut accounts