Major cryptocurrencies inched lower on Tuesday on higher-than-expected wholesale inflation data for last month. What Happened: World’s largest cryptocurrency, Bitcoin slipped below $62,000, failing to sustain its gains from the previous trading day. The market dip triggered $144 million in liquidations in the last 24 hours, with long liquidations touching $114 million. Bitcoin led the pack with $39.5 million in liquidations. The price drop influenced the derivatives market’s sentiment as traders taking short positions on Bitcoin sharply increased vis à vis those gunning for price increases in …
