Bitcoin 'good to go up' after BTC price hits lowest since Terra crash

Cointelegraph

Published May 26, 2022 11:52AM ET

Updated May 26, 2022 04:20PM ET

Bitcoin (BTC) recovered from a major dip at the May 26 Wall Street open as the market quickly exhausted buy support.

BTC/USD 1-day candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to $28,000 on Bitstamp — its lowest since May 12 and the Terra LUNA implosion.

BTC liquidations chart. Source: Coinglass
BTC/USD order book chart (Binance). Source: Material Indicators/ Twitter (NYSE:TWTR)

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