Bitcoin fell from its record highs north of $60,000 to $54,588.83 Monday morning following massive ... [+] liquidations. The cryptocurrency fell as low as $54,588.83 and made a small bounce to $56,689 at press time, according to cryptocurrency data provider Messari. The largest single liquidation order of $18.94 million worth of bitcoin occurred on the Huobi exchange. Last week, U.S. largest bank, JPMorgan JPM , revealed a new investment product tied to a basket of stocks offering investors exposure to bitcoin. Earlier this month, Goldman Sachs GS announced it’s restarting cryptocurrency trading operations and will begin dealing bitcoin futures within the coming weeks.

Source: Forbes March 15, 2021 15:22 UTC