Ethereum Sees $548M Liquidations As Price Spikes To $1,600

Large-scale liquidations for Ethereum (CRYPTO: ETH) traders were observed on Monday as the cryptocurrency rallied ahead of $1,500.

What Happened: According to data from Benzinga Pro, ETH saw a 40% rally over the weekend, surging from a low of $1,078 on July 15 to a four-week high of $1,607 on July 17.

At press time, ETH was trading at $1,543, …

Full story available on Benzinga.com

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