Tag: leveraged crypto positions

TLDR Bitcoin quickly touched $64,400 before being up to $62,800 amidst stock exchange turbulence Over $215 million in leveraged crypto positions were liquidated MicroStrategy (MSTR) stock rose 5.5% to a 6-month high A U.S. judge authorized FTX's insolvency strategy, possibly permitting financial institution payments Bitcoin's increase accompanied increasing chances of a Donald Trump election triumph The cryptocurrency market experienced a rollercoaster day on Monday, with Bitcoin (BTC) briefly touching $64,400 before pulling away to $62,800 within an hour. This abrupt volatility accompanied a sharp recession in the U.S. stock exchange, as the S&P 500 and Nasdaq both tipped over 1% throughout the afternoon session. The abrupt cost motions resulted in considerable liquidations in the cry...