The Bitcoin price has soared 5% in the last 24 hours to trade for $59,339 as of 5:05 a.m. EST time.<\/p>\n
With this surge, BTC is eyeing the $60,000 milestone, a level last tested on November 18, 2021.<\/p>\n
Notably, trading volume has dropped around 8%, suggesting investors are shying away from the market. One possible reason is the enhanced risk, with some analysts saying the king of cryptocurrency is at the cusp of a correction.<\/p>\n
https:\/\/twitter.com\/CreationFanatic\/status\/1762376747264123328<\/p>\n
Amid elevated risk levels in the BTC market, experts say a correction could see up to $300 million positions liquidated.<\/p>\n
\n$300 Million Risks Liquidation If BTC Drops Beneath Key Level#bitcoin<\/a> #BTC<\/a> #tafouio<\/a> #cryptonews<\/a> pic.twitter.com\/Sj7oOvf5cS<\/a><\/p>\n
— tafou.io (@tafouio) February 28, 2024<\/a><\/p><\/blockquote>\n