A total of $1.1 billion worth of futures positions from more than 70,000 traders across major cryptocurrency trading platforms were liquidated after the price of bitcoin crashed 12% in a 6-minute period. The huge drop occurred shortly after bitcoin’s largest wallet moved $1 billion worth of BTC, although it’s unclear any of the funds were sold on the market.
The 17-year-old accused of hacking Twitter on July 15 to promote a fake bitcoin giveaway, Graham Ivan Clark, reportedly has over $3 million worth of bitcoin, according to his attorney David Weisbrod.
Ethereum Classic (ETC) suffered a 3,693 block-long reorganization, but the move wasn’t seen as malicious.
Top stories in the Crypto Roundup today:
- Bitcoin Flash Crash Liquidates $1 Billion Worth of Futures Positions
- Alleged 17-Year-Old Twitter Hacker Owns Over $3 Million in Bitcoin
- Ethereum Classic Suffers 3,693 Block-Long Reorganization
At the time of writing, bitcoin (BTC) is trading at $11,208.63 (-0.67%) with a daily Top Tier volume of $3.79 bn. As for ether (ETH), it is trading at $385.28 (2.63%) with a daily Top Tier volume of $3.67 bn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 4,370.82 (2.52%).