📉 #Bitcoin plunged to $66K, and altcoins were bleeding by 10%-20%, as last week has turned out to be difficult for crypto.

🔹 Some $180M of leveraged derivatives positions were liquidated across all #cryptoassets during the shake-out, @coinglass_com data shows.

🔹What looked like prime time for crypto assets on softening inflation data has turned into an ugly week with bitcoin $BTC tumbling to its weakest price in four weeks on Friday.

🔹 #Ether $ETH dropped to $3,400 (losing over 10%), while layer-1 networks Solana $SOL, Avalanche $AVAX, Cardano $ADA and Near $NEAR sported 15%-20% declines, @CoinGecko data shows.

#trading #tradingcommunity
#Bitcoin #cryptoassets