content material comming from finance.yahoo.com
Bitcoin and Ethereum crashed by 12% and 20% respectively in about 6 minutes as greater than $1 billion of positions had been liquidated.
In keeping with market data site Bybt, greater than 72,422 individuals had been liquidated within the final 24 hours. The biggest single liquidation order price $10 million occurred on BitMEX’s Bitcoin perpetual swap.
Bitcoin’s worth went from $11,930 to $10,550. By press time, the worth has now recovered to about $11,400.
Ethereum crashed from $408 to $326. By press time, the worth has now recovered to about $380.
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