Traders minimise BTC surge despite new drop in liquidity

Bitcoin traders have begun removing support beneath the current spot price following the currency's surge beyond the $43,000 mark, according to recent BTC price analysis.

The cryptocurrency reached two-week highs on January 30, as concerns about diminishing order book liquidity circulated among traders.

Recorded data illustrated that the price of Bitcoin saw a significant increase, reaching $43,853 on Bitstamp, only to undergo a slight consolidation period afterwards.

At the moment, after the opening of Wall Street, the market's attention has shifted towards the $43,500 mark.