[ad_1]
© Reuters
Bitcoin’s price (BTC) broke below its 55-day support at $27,000 on May 12. In result, the two-day, 7% correction to $26,155 caused $100 million worth of long BTC futures contracts to be liquidated.
However, margin and futures markets displayed strength during the down-move, fueling hope of a recovery toward $28,000.
[ad_2]
Source link
