
Large short positions push Bitcoin toward $17k amid $861M in crypto liquidations
Over $250M in Bitcoin liquidations aid crypto capitulation as Bitcoin drops
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Over $250M in Bitcoin liquidations aid crypto capitulation as Bitcoin drops

The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.

The Ontario Teachers' Pension Plan invested in FTX in January this year as part of a $400 million funding round. The potential losses the fund could face are still unknown.

The earnings call for Marathon Digital revealed a strong foundation for the coming as it looks to increase efficiency and its renewable energy mix.

FTX's insolvency is questioned as it stops transactions for two hours, the Bitcoin risk signal turns red, and more in this edition of CryptoSlate Wrapped Daily.

Coinbase and Kraken have been experiencing connectivity issues as FTT's slump dragged Bitcoin below its June lows of $18,000.

Bitcoin failed to hold onto a key psychological level as the crypto markets see red.

Following Binance's CEO's announcement that Binance will liquidate its FTX native token FTT, there has been a massive sell-off.

Binance announced that it intends to fully acquire FTX to protect its users from a liquidity crunch.




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