close up shot of a coin

Bitcoin Drops to 6-Month Low

Bitcoin fell to a six-month low today (Jan. 21) after the crypto market experienced high volatility overnight.

Trading View chart shows BTC/USD drops to $38,250 after losing $40,000 in a few hours.

Bitcoin price moved around $ 39,000 at the moment. Traders seem surprised by the sudden drop, as it has recovered above $43,000 in recent days.

Liquidation in the last 24 hours on trading platforms combined (bitcoin and altcoin positions) amounted to $725 million, BTC positions alone to $292 million.

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