- On March 12, bitcoin touched $73,000 but then pulled back.
- The asset’s dominance jumped to 54%.
- Liquidations exceeded $233 million.
On March 12, 2024, bitcoin tested the $73,000 mark but then pulled back. The volume of liquidations in futures contracts in the last 24 hours exceeds $233 million.
At the time of writing, bitcoin is trading below $72,000. The chart shows a significant drawdown:
This is the third price spike in the last two days. On March 11, 2024, the asset twice updated the historical maximum, reaching $72,200.
On the background of the rate jump, the asset’s dominance indicator increased. The indicator has overcome the mark of 54%:
The volume of liquidations on futures contracts exceeded $233 million. 90,768 traders fell under the forced reduction, according to CoinGlass:
Leading the gains among the largest crypto assets is Ripple (XRP) at 12.4%. Most other positions marked a drawdown:
The Fear and Greed Index has fallen by one point over the past 24 hours:
