18/04/2021
Breaking ‼️‼️‼️‼️ 😔
Bitcoin price crashes 14% sending cryptocurrency market into tailspin.
While this crash may be unrelated to Coinbase’s direct listing, Peter Schiff, an avid critic of cryptocurrencies, stated,
Rather than being a watershed moment in the life of Bitcoin, the CoinbaseIPO may have marked the beginning of its death.
The market-wide crash has resulted in $1.72 billion worth of long positions liquidated in the last hour alone. Expanding this range to 24-hours shows that 927,000 traders’ positions worth nearly $10 billion were wiped off, with $68.73 million being the largest liquidation so far.
Source: FXSTREET.com