Rollercoaster of a day for Bitcoin is peppered with green and red candles

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City AM

By Darren Parkin Bitcoin peaked at $30,450 yesterday, coming off a $29,200 low, only to retrace back to $29,010 this morning. The price of Ether also dipped below $2k after falling 5% overnight. Cryptos in the green are scarce today, with most of the market feeling the squeeze. Analysts can’t quite put their finger on reasons for the sudden sell-off, but the extent of it may be due to the liquidation of $25 million of Bitcoin futures, 98% of those being long positions. Yesterday’s Crypto AM DailyIn the MarketsThe Bitcoin Economy*Data can be found at Total crypto …

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