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Crypto Liquidations Totaled $713M in 24 Hours as Bitcoin Retreats to $102K
By: bitpinas|2025/05/13 11:45:05
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The crypto market experienced significant liquidations, totaling around $713 million, or about ₱39.7 billion, in the past 24 hours. This followed $BTC’s decline to $102,000 after surpassing the $105,000 level during the weekend. Liquidation Breakdown in the Last 24 Hrs Exchanges’ Impact U. S.-China to Pause Tariffs $BTC, as well as major altcoins, dipped after the U.S. and China announced that they were scaling back the Draconian tariffs. BTC Consumer Price Index (CPI) In a report from Cointelegraph , it noted that the CPI anticipation causes de-risking, with traders reducing exposure to Bitcoin ahead of the U.S. CPI data release on May 13. Bitcoin Acquisition and Liquidations As the value of the leading cryptocurrencies went up to their new all-time highs, entities increased their $BTC holdings. This article is published on BitPinas: What else is happening in Crypto Philippines and beyond?
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