In fast downward afternoon action during U.S. trading, bitcoin (BTC) plunged below $66,000 after having challenged the $71,000 level just hours earlier.
Smaller cryptos suffered even heavier losses in the panicky action. The broad-market CoinDesk 20 Index (CD20) dropped nearly 10%, with Cardano's ADA, Avalanche's AVAX, bitcoin cash (BCH), filecoin (FIL) and aptos (APT) plummeting 15-20%.
The drawdown triggered the largest leverage washout in a month, liquidating some $850 million of leveraged derivatives trading positions across all digital assets, CoinGlass data shows.
[
add
]
[
|
|
...
]