Crypto Liquidations Top $200 Million as Ethereum, Bitcoin Fall
$Bitcoin(BTC.CC$ $Ethereum(ETH.CC$ Crypto market liquidations spiked to their highest point in a week on Wednesday as the price of Bitcoin sunk below $60,000.
In the past 24 hours, more than 74,000 traders were liquidated to the tune of $208 million, CoinGlass data shows.
The majority of those — some $184 million — struck investors holding long positions that had bet on prices going up.
The largest liquidations afflicted Ethereum investors, at $55.5 million, almost entirely in long positions, data shows.
In the past 24 hours, more than 74,000 traders were liquidated to the tune of $208 million, CoinGlass data shows.
The majority of those — some $184 million — struck investors holding long positions that had bet on prices going up.
The largest liquidations afflicted Ethereum investors, at $55.5 million, almost entirely in long positions, data shows.
Ongoing issues surrounding U.S. monetary policy, geopolitical tensions, and the upcoming U.S. presidential election in November are projected to impact the top cryptocurrency's price throughout 2024.
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Monkjustin : Wash out before the rip