Losses nearing $140 billion hit the crypto market after Bitcoin's price drop
The crypto market experienced a brutal sell-off in the last 24 hours, resulting in around $140 billion evaporating from the total market cap, coinciding with Bitcoin's price declining by more than 7% and testing the $65,000 level.
The total market cap of the crypto market has fallen to about $2.37 trillion, the lowest level recorded since early April, amidst rising panic among investors.
Liquidations exceeding $1.6 billion:
According to data from the "CoinGlass" platform, the market saw over 265,000 trading positions liquidated within a single day, with a total value of $1.63 billion.
Long positions accounted for about 89% of the total liquidations, with losses primarily concentrated in Bitcoin and Ethereum.
Joรฃo Widdson, founder of the "Alphractal" platform, warned that liquidation levels below current prices could trigger a new wave of forced selling in the coming hours.#ZcashSurges10PctAfterCriticalBugFix
#NEARSurgesAbove3USDT
The crypto market experienced a brutal sell-off in the last 24 hours, resulting in around $140 billion evaporating from the total market cap, coinciding with Bitcoin's price declining by more than 7% and testing the $65,000 level.
The total market cap of the crypto market has fallen to about $2.37 trillion, the lowest level recorded since early April, amidst rising panic among investors.
Liquidations exceeding $1.6 billion:
According to data from the "CoinGlass" platform, the market saw over 265,000 trading positions liquidated within a single day, with a total value of $1.63 billion.
Long positions accounted for about 89% of the total liquidations, with losses primarily concentrated in Bitcoin and Ethereum.
Joรฃo Widdson, founder of the "Alphractal" platform, warned that liquidation levels below current prices could trigger a new wave of forced selling in the coming hours.#ZcashSurges10PctAfterCriticalBugFix
#NEARSurgesAbove3USDT