Cryptocurrency prices roundtripped over the weekend to erase their rally following Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Economic Symposium on Friday. In the process, $ETH on Sunday powered to a record high👀
The cryptocurrency prices reversed quickly Sunday in a "flash crash" after a $BTC whale offloaded 24,000 bitcoin💰, according to reports from CoinDesk. The move reportedly sparked forced liquidations throughout the broader market. Bitcoin positions saw $273 million liquidated over the past 24 hours🤯, according to CoinGlass data. ETH positions recorded $296 million in liquidations during that period. Overall, crypto liquidations have reached $838 million over the past 24 hours🥶