Bitcoin and Ethereum: Crypto chaos as congestion sends prices tumbling

Brits returning from their Coronation celebrations have been met with a noticeably weaker cryptocurrency scene, with bitcoin (BTC) nearly 7% lower since Friday’s close, hovering around US$27,500 on the BTC/USDT pair at the time of writing. Long-bitcoin liquidations clocked in at US$45mln yesterday compared to less than US$10mln in shorts.