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Over 200 Million Liquidated on Bitcoin Turbulence as CPI for June at 91

Over 200 Million Liquidated on Bitcoin Turbulence as CPI for June at 91

The number of liquidated traders and the value of liquidations skyrocketed to over $200 million on a daily scale as BTC, and the entire crypto market experienced enhanced volatility following the record-breaking US inflation data. However, the asset had recovered some ground and stood close to $20,000 up until a few hours ago. At this point, though, the landscape changed as the US announced the highest inflation data in over 40 years of 9.1% (for June).

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