Bitcoin's Dramatic Tuesday: From 14-Month Low to $740M Liquidations

Bitcoin experienced a tumultuous Tuesday, starting with a significant drop that brought its value to a 14-month low. However, the cryptocurrency quickly rebounded, causing a wave of liquidations totaling $740 million.

Analysts are closely monitoring the situation, with one expert suggesting that if Bitcoin fails to recover soon, it could lead to an extremely eventful year ahead for the digital currency.