Overnight, BTC crashed to a 12-month low, and crypto traders lost $5.8 billion

Bitcoin collapsed to a 12-month low

This night, the BTC price experienced the largest drop in a day since 2013. The cost of cryptocurrency collapsed by more than 50%, at the moment touching the mark of $ 3’780. Cryptocurrency is currently trading near $ 5’500.

Cryptotraders lost $ 5.8 billion overnight

Due to the sharp collapse of the cryptocurrency market, 235 thousand users suffered losses. The total amount of liquidated transactions amounted to 5.8 billion, according to the portal bybt.com.

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