15% PLUNGE IN ETH, LEADS TO DEFI LIQUIDATION OF CRYPTO WORTH $25 MILLION

Highlights:

•             Hike in gas fees lead to the need for liquidation

•             On Monday the average transaction gas fee was $29

The price of Ether (ETH) was on the rise in the last couple of days as the bitcoin prices rose. However, prices fell steeply by 15% on Monday some of Defi lending platforms had to liquidate crypto assets worth $25 million. ETH was trading at $1,655.....