Bitcoin’s Weekend Volatility Sends Crypto Markets into Shockwaves

A weekend of wild price swings sent ripples through the crypto market, as Bitcoin witnessed a dramatic surge and plunge. Prices briefly touched the $106,000 mark before retreating to $103,000, revealing the volatile nature of digital currency trading. Driven by leveraged trades, over $600 million worth of derivatives were liquidated in just an hour. This rapid price shift triggered short-position holders into a precarious position.