Almost $6B Crypto Futures Liquidated As BTC Falls Below $48K – February 23


📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$47,935

Bitcoin price has plummeted 12% today, falling to as low as $45,161 before stabilizing around the $48,000 level.

Top-20 altcoins have also suffered a major hit, as Ethereum falls 18% and XRP drops 20%. Solana outperformed all other coins with a massive 40% rise.

Top Stories for February 23, 2021 🔥

👉 Almost $6B Crypto Futures Liquidated As BTC Falls Below $48K

Almost $6 billion in cryptocurrency futures contracts were liquidated yesterday as Bitcoin dropped below $48,000.

The exact figure, according to Bybt.com, was $5.65 billion in liquidations, with over 645,000 traders liquidated. More than $2.5 billion of the liquidations came from Binance alone.

👉 Kraken Exchange Users Demand Refunds Following Flash-Crash

Users of cryptocurrency exchange Kraken are demanding refunds following an unusual flash-crash, which resulted in liquidations at extreme prices on Bitcoin and Ethereum markets.

Liquidations on Ethereum were the most extreme, with price cascading down to $700 – a much larger drop than seen on any other exchange.

👉 State Bank Of India Joins JPMorgan Ethereum Fork

The State Bank of India, the country’s largest bank, has joined JPMorgan’s blockchain payments system, called Liink.

The network is a fork of Ethereum which is designed to facilitate faster cross-border payments and reduce banking costs.