Crypto markets staging recovery as tidal wave of leveraged position liquidations wipe the board clean

21 May 2021

???? BTC | $41,003 (+3,379, +9%)

???? ETH | $2,827 (+347, +14%)

???? XRP | $1.21 (+0.12, +11%)

???? LTC | $215 (+23, +12%)

The US Treasury Dept announced today that any transfer of cryptocurrency worth $10K or more must be reported to the tax authorities.

Nearly one million traders had their leveraged positions liquidated on Wednesday according to data gathered by Singapore-based exchange ByBit in the recent crypto market crash.

Another Binance Smart Chain (BSC) project (Pancake Bunny) has suffered yet another attack, with the token plummeting -95% in yet another attack on a project on the BSC network (BSC is typically seen as a competitor to Ethereum).