Bitcoin fell to $43k and lead to $800M in Crypto Liquidations. Bitcoin fell to as low as $42,500 which made traders to take on $317 million worth of losses. Liquidations occur when an exchange forcefully closes a trader’s leveraged position as a safety mechanism due to a partial or total loss of the trader’s initial margin.
I hope bitcoin gets to recover again, changes in bitcoin value got an impact to other cryptos too.
