Bitcoin fell to about $73,500 late Sunday, its lowest level since Aug. 21, before briefly recovering above $75,000. CoinGlass reported about $1.12 billion in leveraged crypto positions liquidated in the 24 hours through 9 am UTC Monday. The figures do not establish that the liquidations caused Bitcoin’s fall.
US consumer and producer price reports are due Tuesday and Friday, respectively. Economist Robin Brooks said a decline in oil prices could lift Bitcoin, but that was a forecast, not a measured effect.
