Bitcoin Plummets 7% After Hitting $64K; Reversal Triggers Over $600M Crypto Liquidations

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.