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What turbocharged this week's crazy cryptocurrency meltdown?

What turbocharged this week’s crazy cryptocurrency meltdown?
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Last Updated: May 20, 2021, 02:54 PM IST
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Bitcoin dropped as much as 31% Wednesday to near $30,000, and Ether was 44% down at less than $2,000 at one stage. While both have recouped some of the losses, those crashes spread plenty of pain across crypto assets.
Reuters
“What causes such deeper pullbacks are a case of system overload, liquidations, and such factors,” said Vijay Ayyar, head of Asia Pacific at Luno Pte.
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Liquidations and leverage appear to have turbocharged this week’s cryptocurrency meltdown.
Bitcoin dropped as much as 31% Wednesday to near $30,000, and Ether was 44% down at less than $2,000 at one stage. While both have recouped some of the losses, those crashes spread plenty of pain across crypto assets. There were $9.4 billion of liquidations in the 24 hours through 9 a.m. Thursday in Singapore, as more than 887,000 traders liq ....

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Detailed text transcripts for TV channel - MSNBC - 20131225:10:30:15

Detailed text transcripts for TV channel - MSNBC - 20131225:10:30:15
vimarsana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vimarsana.com Daily Mail and Mail on Sunday newspapers.

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CNN CNN Newsroom March 21, 2013 17:55:00

You requested backup? yes. yes i did. what s in your wallet? all right. let the games begin. march madness in full swing with a win in the final play-in game last night, la salle became the last team to make it to the ncaa field of 64. today is the first full day of action, and you can catch all the games on tv or stream them live on your computers and smartphones. will this add up to system overload, and how are tech companies actually preparing for all this? dan simon reports. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20110204:14:08:00

Course, the weather. check this out, you re talking about 6 inches of snow here in dallas, and downtown dallas. this is on top of, of course, the snow and sleet and ice that we had earlier this week that actually shut down dsw international for a couple of hours, the first time since 9/11. this morning with the snow, of course, we only had one runway open, this has delayed many of the fans coming in for the super bowl, over at dallas-lovefield, i think they were shut down for a while, so you can set a pretty picnic, can t predict the weather, when you talk about setting up for the super bowl. also rolling blackouts for pre to prevent a system overload. because it s been so cold, literally in the single digits with wind chill below zero, do you boys stadium was exempt from the rolling blackouts in preparation for this weekend s super bowl, but they ve called in extra snow plows and salt truck to try and keep the streets clear for the weekend and they re hoping it will warm up into the ....

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