Chinese crypto-linked stocks like Meitu see big corrections after ETH dump


Source: cryptheory.org cryptheory.org

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Chinese crypto-linked stocks like Meitu see big corrections after ETH dump 2 min read May 20, 2021 cryptheory Stocks of Chinese publicly listed companies fell sharply today after cryptocurrencies like BTC, ETH, and others plunged massively on Wednesday, data from multiple sources shows. Yesterday saw over $8 billion in liquidations (or collateral that is seized by exchanges after asset prices hit a predetermined price level) and over 350,000 trading accounts getting liquidated as BTC, ETH, and other cryptocurrency fell by double-digit percentages. BTC fell to as low as $29,000, ETH to $2,000, with some DeFi majors like SushiSwap (SUSHI) dropping...