Bitcoin dipped toward $60,000 after liquidations across crypto derivatives markets reached $2.56 billion, the 10th-largest daily total on record.

Trend Research has been reducing its Ether exposure, as ETH price closed in on some of the investment company's critical liquidation levels below $1,700.

Blockchain intelligence firm TRM Labs reached a $1 billion valuation after closing a $70 million Series C funding round backed by major financial institutions.

The firm addressed speculation that a multibillion-dollar client trade was motivated by concerns over Bitcoin’s resistance to future quantum computing advances.