Bitcoin rate fell by more than $1 thousand and fell below $23 thousand.
The value of the first cryptocurrency over the weekend fell by $1.3 thousand.
Bitcoin rate has fallen below $23 thousand. As of 9:20, the first cryptocurrency is trading at $22.7 thousand, according to CoinGecko, the asset has fallen in price by 2.6% over the day.
The value of bitcoin decreased by $1.3 thousand after it rose above $24 thousand on Friday evening, February 3. Coin could not keep near this level, during the weekend its rate fell to $22.8 thousand and continued to fall on Monday.
Leading altcoins also showed a decline. Ethereum fell 2.7% to $1.62k overnight, the price of BNB dropped 2.7% to $323. Ripple fell 2.7% to $0.39 and Polygon fell 4.9% to $1.18.
Over the past 24 hours, 49,000 crypto traders' positions totaling more than $110 million were liquidated on exchanges. 83.7% of the forcibly closed positions were long. This means that traders were counting on market growth but liquidated these positions to avoid losing money when exchange rates went down sharply.
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