---
title: "Bitcoin falls to $55K as crypto liquidations breach $580M"
url: https://diffcoin.com/bitcoin-falls-to-55k-as-crypto-liquidations-breach-580m/
description: "Around $193 million in long Bitcoin positions were liquidated in the past 24 hours, with the price of BTC hitting its lowest point since February. Source link"
published: 2024-07-05
updated: 2024-07-05
author: "Mila"
site: "Diffcoin"
---

# Bitcoin falls to $55K as crypto liquidations breach $580M

Around $193 million in long Bitcoin positions were liquidated in the past 24 hours, with the price of BTC hitting its lowest point since February.

[Source link](https://cointelegraph.com/news/bitcoin-falls-55k-crypto-market-liquidations-half-billion)