Bitcoin just suffered one of the worst plunge seen in financial history as it lost about $7,000 in value, plunging from $34,000 to $27,000 in minutes.

This is one of the fastest 20%  market correction seen in financial history.

On the other hand, Ethereum hits $1000 first time since 2018.

The result stunned so many traders and investors who overleveraged on the prevailing bullish trend in the Bitcoin market.

“$190,000,000 (in long positions) were liquidated on Binance within 10 minutes. Largest value to date,” Glassnode commented alongside a chart showing Binance liquidations.


At the time of writing, Bitcoin traded at $30,996.19 with a daily trading volume of $82,311,674,405. Bitcoin is down 6.74% in the last 24 hours.


credit: Nairametrics


A passionate web developer, tech blogger and Blockchain enthusiast... I love giving solutions through my writings on my leisure time. Feel free to reach me via email for collaboration etc.
How to Purchase Bitcoin/Ethereum Previous post Video: Top 5 AltCoins set to Explode in 2021 — #5 will Amaze you
Audi A4 2021 launched in India at N22 million Naira Next post Audi A4 2021 launched in India at N22 million Naira