Liquidations Were Behind 16% Bitcoin Correction – November 26

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $17,301

Bitcoin price volatility is picking up, as it experiences a 16% crash today which entered the $16,000 range.

Top-20 altcoins have also seen significant draw-downs across the board, as Ethereum falls 14%, XRP plummets over 20%, and Stellar leads the plunge with a 21% drop..

Top Stories for November 26, 2020 πŸ”₯

πŸ‘‰ Liquidations Were Behind 16% Bitcoin Correction

More than a billion dollars’ worth of futures contracts were liquidated in today’s 16% Bitcoin price crash, which saw prices reach as low as $16,334.

Over $420 million worth of liquidations were observed on Binance Futures alone, while CME futures posted their largest-volume day on record.

πŸ‘‰ OKEx Withdrawals Are Back In Action After 5 Weeks

Cryptocurrency exchange OKEx has finally resumed withdrawals, 5 weeks after the function was frozen for users.

OKEx suspended all account withdrawals on October 16, when one of the exchange’s private key holders was detained by law enforcement.

πŸ‘‰ Coinbase Front-Runs NYT Story On Treatment Of Black Employees

Coinbase has front-run a story by the New York Times about the company’s treatment of black employees, by releasing a blog post about the story.

The post provided warning about the story and sought to provide context and details to the employees involved. It also pointed out that only three employees filed complaints about the company, whereas the story is likely to exaggerate the extent of the issues.