massive sell-off engulfed Bitcoin price on Friday as news of the fallen Mt. Gox exchange kicking off payments to creditors reverberated in the market.
Investors closed their open long positions, contributing to the surging liquidations.
This pressure spread to altcoins causing $ETH to slide below $3,000, $SOL under $135 as XRP plunged to $0.4
As the sea of red characterized the cryptocurrency market, the cumulative market cap plummeted to $2 trillion.
If the sell-off continues into the weekend, #Altcoins" are likely to bleed the most, with Ethereum price retesting $2,500 support.
