Bitcoin drops below $84,000 amid $550 million in crypto liquidations

First reported by Bloomberg at · Updated · 2 sources

Bullish positions accounted for most forced closures, with about $487 million liquidated over 24 hours, according to Quartz. Bloomberg reports that cryptocurrencies declined on Wednesday as forced selling spread across digital-asset trading venues, while broader market unease also weighed on investors' willingness to take on risk.

Covered by 2 publishers within 2 hours of the first report.

Reporting2

Bloomberg Bitcoin (BTC) Falls as $550 Million in Risky Crypto Bets Wiped Out · Anna Irrera and Suvashree Ghosh
Quartz Bitcoin sank below $84,000 as $550 million in crypto bets were liquidated · Cris Tolomia

Related

Robinhood buys $25 million in bitcoin for its balance sheet
Crypto PACs’ House targets raise eyebrows
Coinbase plans Pro relaunch and completes Deribit integration
CFTC proposes registration rules for crypto margin platforms

Topics Crypto