Bitcoin Dives Under $50,000, Leading to over $1 Billion Crypto Liquidations

The
liquidations
came
as
bitcoin
(BTC)
slid
more
than
11%
in
the
past
24
hours,
while
ether
plunged
as
much
as
25%
before
slightly
recovering.
TradingView
data
shows
this
was
the
worst
single-day
price
fall
for
ETH
since
May
2021,
when
prices
dumped
from
over
$3,500
to
$1,700.
TradingView’s
daily
candle
shows
performance
for
UTC
00:00
to
23:59.