Crypto Traders Took a Massive $1.2B Hit During Yesterday’s 15% Crash

Few expected the crypto market crash that transpired yesterday. At times, Bitcoin was so volatile that the services of leading cryptocurrency exchange Coinbase temporarily went down, their status page suggests. No group felt the volatility as much as traders, which are especially vulnerable drops due to their utilization of leverage. Leverage allows traders to borrow money from exchanges, thus increasing potential returns but also increasing the risk. Crypto Traders Lost Over $1 Billion Worth of […]

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