Bloody Tuesday: Many Crypto Investors Liquidated, As Trader Loses $7 Million

source: tiktalkhub
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A growing number of investors in the cryptoverse have seen their trading accounts record considerable losses amid the sudden drop in Bitcoin. At press time, the major reasons for the violent dump included Donald Trump’s negative bias on Bitcoin, coupled with growing concerns that hackers use the digital asset to launder money. For the day, about 149,015 crypto traders had their account worth about a billion dollars wiped off momentarily in the Crypto derivative market. The largest single liquidation order happened on Bybit-ETH valued at $7 million. At press time, Bitcoin traded at $32,784.55 posting losses of about 10% for the day. Donald Trump, the former leader of the world’s biggest economy, recently disclosed that he had no love for the flagship crypto asset because it is a currency that competes with the greenback which he wants to be the world’s global legal tender. He also likened Bitcoin to a scam and wants the crypto market to be heavily regulated. The former U.S president made his bias public in his most recent interview with Fox Business, on Monday. Trump added that he has not invested in Bitcoin and has no love for the digital asset. He further noted that when he was president, the price of the crypto asset was only $6,000, much lower than it is now. Continue reading...

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