How massive liquidations caused Bitcoin to plummet 16% in 24 hours

Bitcoin fell to as low as $16,334 across major exchanges as cascading liquidations caused massive volatility.

Bitcoin (BTC) $ 26,999.23 4.78%

Ethereum (ETH) $ 1,876.77 3.57%

Litecoin (LTC) $ 89.92 2.68%

Bitcoin Cash (BCH) $ 114.40 4.61%