Liquidations

Market Liquidations Cause Cascade in Bitcoin Price thumbnail

Market Liquidations Cause Cascade in Bitcoin Price

bitcoin (BTC) dropped sharply over the past 24 hours, down 5 percent as of 16:00 UTC. Although the leading cryptocurrency crossed above a bullish $9,000 threshold as recently as last week, a confluence of events has led traders to hit the sell button.┬áCoronavirus fears continue to weigh down traditional markets Monday, with the Dow industrials…