Price of Bitcoin Drops After $150 Million Liquidated on BitMEX

Cointelegraph

Published Feb 27, 2020 02:13AM ET

Updated Feb 27, 2020 04:02AM ET

Price of Bitcoin Drops After $150 Million Liquidated on BitMEX

Today the cryptocurrency market saw a huge drop in the price of Bitcoin (BTC).

According to the data analytics provider Skew on Feb. 26, over $150 million worth of Bitcoin was liquidated on the trading exchange BitMEX, the most seen since the new year began. Millions of dollars of long and short positions caused the value of the cryptocurrency to fall to $8,580, a decrease of more than 6%.

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