The cryptocurrency market went through serious volatility in the past couple of days and has left a trail of liquidations worth around $215 million in the last 24 hours.
As CryptoPotato reported yesterday, Bitcoin’s price surged massively towards $42,000 following the news of President Biden signing the long-awaited executive order on cryptocurrencies.
The document’s text was perceived well by the market, in general, as it failed to outline particular worries outside of what the industry had already factored in advance.
Today, however, prices took a u-turn and headed south.
Bitcoin shed around $3,000 off its dollar value, representing a decline of around 7.5%.
Source: TradingView
Following suit as they almost always do, altcoins fell sharply. Ethereum is down about 5.3%, BNB – about 5%, and so forth.
This left quite a lot of liquidated positions over the past 24 hours.
Data from Coinglass reveals that total liquidations over this period amounted to over $215 million.
Leading the way is Bitcoin with around $80M, followed by ETH with about $52M.
OhNoRipple via https://www.ohnocrypto.com/ @George Georgiev, @Khareem Sudlow
$215 Million in Liquidations as Bitcoin Price Sheds $3K in Hours
Reviewed by Khareem Sudlow
on
March 10, 2022
Rating: 5
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