WHERE IS THE PRICE OF BITCOIN HEADED??
With the drop in the price of bitcoin, there were problems on Binance's servers. The platform had to compensate traders who were liquidated due to the failures.
This week, the community of #Bitcoin❗ experienced a bloody market and the consequences were immediate: millions of dollars in liquidations and even technical failures on Binance, the largest exchange by transaction volume.
After the collapse —which took many by surprise after a new all-time high was reached— the price of bitcoin has been fluctuating between USD 106,000 and USD 116,000, generating concern among those who are waiting for the return of the bullish rally. Something that most analysts predict, although possibly not as soon as many would like