Ether (ETH) dropped near 4% Monday, while some altcoins endured even greater declines before reverting as rising geopolitical turmoil weighed on crypto markets.
Sometimes, being tax-compliant pays off.
Short liquidations on crypto-tracked futures may have contributed to the rise in bitcoin and ether.
An ex-Alameda employee claims a trader at the firm punched in a wrong decimal which led to bitcoin’s 87% drop on Binance.US in 2021.
Liquidations are likely to have less impact on spot prices thanks to declining open interest, FalconX’s head of research noted.