Pain, but not max pain? Overnight Bitcoin and altcoin volatility costs crypto traders $1.2 billion.
showed BTC/USD hitting $20,816, on Bitstamp, its lowest since the week of December 14, 2020.
The S&P 500 finished the day down 3.9%, while the Nasdaq Composite Index shed 4.7% ahead of key comments from the U.S. Federal Reserve on its anti-inflation policy. The pair was also “uncomfortably close” to crossing the $20,000 mark, trading firm QCP Capital noted, this representing the all-time high from its previousIn a circular to Telegram channel subscribers, QCP flagged both the inflation topic and potential insolvency at fintech protocol Celsius as driving the sell-off.
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