Bitcoin Drops to Lowest Level Since August
More than 249,000 traders had their accounts liquidated over the past 24 hours, equal to around $1.23 billion worth of crypto, according to data from Bybt, a crypto futures trading and information platform
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Published - Sep 20, 2021, 10:47 PM ET
Last Updated - Jun 05, 2024, 02:11 AM EDT
By Yashasvini Razdan
The price of Bitcoin dropped as low as 10% on Monday to $42,522 during the New York trading hours. This is the lowest level the currency has dropped to since August.
As global equity markets declined, investors began selling off risk assets. The broader crypto market was in the red,too. The second-largest cryptocurrency, Ethereum, recorded a 7% fall to $3,113.02.
More than 249,000 traders had their accounts liquidated over the past 24 hours, equal to around $1.23 billion worth of crypto, according to data from Bybt, a crypto futures trading and information platform.
