Nearly USD 500m in long positions were liquidated across the crypto market in just one hour on Wednesday, as the price of bitcoin (BTC) fell below the psychologically important USD 60,000 level, and ethereum (ETH) dropped below USD 4,000. (Updated at 10:00 UTC: updates throughout the entire text.)
At 09:51 UTC, BTC trades at USD 58,949, after almost touching USD 58,000 earlier today. The price is down by 6% in a day and almost 9% in a week, trimming its monthly gains to 36%. …
Read More: USD 500M Liquidated as Bitcoin Falls Below USD 60K, Ethereum Below USD 4K
At 09:51 UTC, BTC trades at USD 58,949, after almost touching USD 58,000 earlier today. The price is down by 6% in a day and almost 9% in a week, trimming its monthly gains to 36%. …
Read More: USD 500M Liquidated as Bitcoin Falls Below USD 60K, Ethereum Below USD 4K
