Bitcoin and Ethereum crash by more than 12% in 6 minutes while more than $1B of positions gets liquidated

Bitcoin and Ethereum crashed by 12% and 20% respectively in about 6 minutes as more than $1 billion of positions were liquidated.

Bitcoin’s price went from $11,930 to $10,550. By press time, the price has now recovered to about $11,400.

Ethereum crashed from $408 to $326. By press time, the price has now recovered to about $380.

 

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