Bitcoin has experienced an up-and-down couple of days, with the rise bringing the leading cryptocurrency past the historic $100,000 price milestone late Wednesday, and the resulting plunge on Thursday rapidly dropping the price under $93,000 as crypto liquidations piled up.

By comparison, Friday has been much calmer for the market—and Bitcoin is starting to gradually regain ground lost during Thursday’s sudden bloodshed.

Bitcoin hopped back above the $100K mark early Friday afternoon, breaching the six-figure realm around 12:45pm ET and continuing to climb up to a price of $101,878. It has since cooled to $101,233, with BTC effectively flat over the last 24 hours.

Thursday’s pain for traders betting the future price of Bitcoin and other leading cryptocurrencies isn’t too far in the past, however, with data from CoinGlass showing about $890 million worth of liquidations across all assets over the past 24 hours.

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Author: Andrew Hayward

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