Liquidations hit $50 million in an hour as Bitcoin slid 3% to $58.5k

Bitcoin experienced a sharp decline on Aug. 20, falling below the $59,000 mark as selling pressure intensified, leading to significant liquidations in the crypto market. The flagship crypto slid over 3% in an hour, giving up almost all of its gains over the previous trading day after touching a weekly high of $61,400. Bitcoin was […] source: https://cryptoslate.com/liquidations-hit-50-million-in-an-hour-as-bitcoin-slides-3-to-58-5k/