Leading cryptocurrencies plunged Thursday, diverging with the strong stock market rally. What Happened: Bitcoin rallied close to $60,000 on healthy macroeconomic data during trading hours, before taking a sharp U-turn to dip below $57,000 – its lowest in a week. Ethereum followed a similar trajectory, dropping as low as $2,530 after facing resistance at $2,670. The southward movement triggered total liquidations of $221 million in the last 24 hours, with more than $173 million in upside bets getting wiped out. Bitcoin’s Open Interest fell less significantly than the price drop, signaling the e…
