Data shows the cryptocurrency sector as a whole has witnessed a high amount of liquidations following the volatility Bitcoin and others have gone through. Bitcoin Has Recovered Back Above The $63,000 Level Following the news of the US Federal Reserve cutting back on interest rates, Bitcoin has responded positively, with its price breaking above the $63,000 level. Related Reading: Will Bitcoin Bullish Swing Continue? Top Analyst Says Yes The chart below shows what the asset’s recent performance has looked like. The graph shows that after this 5% jump over the last 24 hours, the cryptocurrency is no longer far from reaching the highest level observed in August. As is generally the case, the rest of the digital asset sector has also enjoyed a surge as this latest Bitcoin rally has occurred. Some of the altcoins like Solana (SOL) and Avalanche (AVAX) have even managed to notably outperform the number one coin. A consequence of all the volatility in the market has been that the derivatives side has gone through some chaos. Crypto Derivatives Market Has Observed $201 Million In Li ..
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