Five drivers clobbering crypto and when the $1.5bn wipeout will end – DL News
- Bitcoin is almost 20% off from its all-time high set at the end of January.
- Jitters around tariffs and monetary policy have racked financial markets.
- Some analysts suggest there’s more carnage in store.
It’s getting bloody out there.
Bitcoin, Ethereum, XRP, and a host of other cryptocurrencies have plummeted as much as 14% on Tuesday, tracking a broader global slump in stock markets.
Crypto exchanges saw some $1.5 billion in liquidations as leveraged traders were blidnsided by the shakeout, according to CoinGlass.
“Bitcoin’s place remains far out on the periphery as an ultra risk-on asset to be readily sold at the very hint of troubles ahead,” Petr Kozyakov, cofounder and CEO at payment infrastructure platform Mercuryo, told DL…
