Bitcoin claws back $40K as 24-hour crypto liquidations near $500M

Bitcoin ( BTC ) attempted to reclaim $40,000 as support on April 12 after a troubling start to the week saw BTC/USD hit three-week lows. "Extraordinarily elevated" CPI data due Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency bouncing to $40,200 on Bitstamp Tuesday after falling to just $39,300. Spurred on by a bleed-out in tech stocks in particular, Bitcoin looked decidedly unappetizing on short timeframes, and those previously betting on bullish continuation were left empty-handed. According to on-chain monitoring resource Coinglass , the past 24 hours cost crypto traders a total of $428 million in liquidated…