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Bitcoin and Other Cryptocurrencies Had Double-Digit Drops Friday, Largest Liquidation Event Ever

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An anonymous reader shared this report from the Independent:


Bitcoin and Ethereum both saw record liquidations as investors reacted to fears over a trade war, which saw many crypto investors move their money to stablecoins or safer assets… Bitcoin fell by more than 10 per cent to below $110,000, before recovering to $113,096 on Saturday morning. The value of Ethereum slumped by 11.2 per cent to $3,878. Other cryptocurrencies, including XRP, Doge and Ada, fell around…

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