Almost $1.8 Billion Liquidated Following Crypto Market’s 24-Hour Roller Coaster

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining


The cryptocurrency market is well-known for its intense price fluctuations, and the past 24 hours provided more proof. With BTC and most altcoins charting double-digit moves in both directions, this resulted in $1.74 billion liquidated on exchanges.

  • The primary cryptocurrency had just painted a new all-time high (at the time) of about $57,600 before a vigorous correction drove the asset down to a low of $54,000 in a matter of minutes yesterday. 
BTCUSD. Source: TradingView
  • As it typically happens when BTC initiates a sharp move south, most of the altcoin market followed with even more substantial losses. Ethereum plummeted by 12% from $2,040 all the way down to $1,800. XRP slumped by 18%, BNB by 23%, and so forth. 
  • Shortly after, though, all these coins bounced off and reclaimed most of the lost value. Some, such as Bitcoin, went even further and painted yet another all-time high just shy of $57,900.
  • These high fluctuations led to massive losses for some investors. According to data from Bybt, the total liquidations across crypto exchanges equal $1.74 billion in the past 24 hours. On a 12 hour scale, the amount is north of $900 million.
  • While the total number of liquidated traders is north of 215,000, the largest single one of a whopping $24 million occurred on the leading crypto exchange Binance and involved its native cryptocurrency – BNB.
SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

Source link

Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close