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

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $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 πŸ”₯

πŸ‘‰ 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, was $5.65 billion in liquidations, with over 645,000 traders liquidated. More than $2.5 billion of the liquidations came from Binance alone.

πŸ‘‰ 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.

πŸ‘‰ 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.