Crypto market sell-off clears around $1 billion leveraged positions — here’s what happened
Fresh wide-ranging sell-off in leverage crypto positions saw close to $1 billion bets liquidated in the crypto markets late on 1 December (IST), with Bitcoin slipping down 8% to $83,824 in New York, according to a Bloomberg report.
At time of writing, the world’s largest cryptocurrency was trading at $86,719.13 — up a small 0.24% over the previous drop, data on CoinMarketCap showed.
