Record $10B Liquidations Triggered By Crypto Plunge – April 19

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $56,984

Bitcoin price has taken a big hit over the weekend, dropping as low as $52,000 before recovering to the $57,000 mark today.

Top-20 altcoins have recovered strongly since the dump, as Ethereum regains 5%, XRP bounces back 9% and Dogecoin sees a 32% gain over the last 24 hours.

Top Stories for April 19, 2021 πŸ”₯

πŸ‘‰ Record $10B Liquidations Triggered By Crypto Plunge

Sunday’s crypto market plunge triggered $10 billion in futures liquidations – almost doubling the previous record of $5.77 billion in February.

Leveraged Bitcoin positions accounted for more than half of all liquidations, after a sharp drop of almost 8,000.

Liquidations on some long-term futures contracts cascaded in such a drastic way that some contracts briefly traded in the $40,000s.

πŸ‘‰ Coinbase Executives’ Stock Sales Revealed To Community

Precise figures for the sale of $COIN stock by Coinbase’s executives has been revealed, sparking discussion within the crypto community.

Whereas one viral Tweet claimed that executives had sold a majority of their holdings, it was later clarified that CEO Brian Armstrong had sold less than 2% of his shares, while CFO Alesia Haas sold 15% in opening week.

πŸ‘‰ UK Government Creates CBDC Task Force

The United Kingdom government has established a central bank digital currency (CBDC) task force, according to a document published by HM Treasury.

The task force is designed to look at preliminary issues to do with building and implementing a CBDC in the UK, as well as work with multiple parties to explore the technological hurdles of such a project.