Bitcoin Plunges to $66K, Altcoins Tumble 10-15% on Ugly Day for Risk Assets
Briefly

from Coindesk10 months ago
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.
Coindeskhttps://www.coindesk.com/markets/2024/04/12/bitcoin-plunges-to-66k-altcoins-tumble-10-15-on-ugly-day-for-risk-assets/
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%.
Coindeskhttps://www.coindesk.com/markets/2024/04/12/bitcoin-plunges-to-66k-altcoins-tumble-10-15-on-ugly-day-for-risk-assets/
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.
Coindeskhttps://www.coindesk.com/markets/2024/04/12/bitcoin-plunges-to-66k-altcoins-tumble-10-15-on-ugly-day-for-risk-assets/
Read at Coindesk
#cryptocurrencies #traditional-markets #geopolitical-risks #digital-assets #market-analysis
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