Key facts
- Bitcoin rebounded to $64,000 from an intraday low of $61,500 on Thursday.
- Total crypto liquidations reached nearly $1.76 billion in the past 24 hours.
- Bitcoin and Ethereum experienced price corrections.
- Market analysts attribute the selloff to ETF outflows and geopolitical uncertainty.
Bitcoin experienced a rebound on Thursday, moving from an intraday low of $61,500 back up to $64,000. This price action occurred amidst significant market turmoil, with total cryptocurrency liquidations reaching nearly $1.76 billion over the preceding 24 hours. Both Bitcoin and Ethereum saw corrections, alongside other major altcoins. Market analysts have pointed to a combination of factors contributing to the selloff, including outflows from Bitcoin ETFs and broader geopolitical uncertainty. Investors are now closely monitoring upcoming US economic data for further market direction.