BTC rapidly surged earlier during the day, surpassing the $60,000 level for the first time since November 2021. After hitting a high of $64,037, it abruptly fell to $59,400, the CoinDesk Bitcoin Index (XBX) shows. Its price had bounced back over $61,000 before another wave of sell-off pushed it again to near the same level. At press time, BTC was changing hands at $61,122.
Source: https://www.coindesk.com/markets/2024/02/28/bitcoin-suddenly-plummets-7-after-hitting-64k-triggering-over-600m-crypto-liquidations/?utm_medium=referral&utm_source=rss&utm_campaign=headlines