The liquidations are not unfounded, seeing as the price of Bitcoinby 1.49% to peg the price of the leading cryptocurrency at $22,554.28. Nonetheless, Ethereum recorded the biggest liquidations with approximately 55.74K ETH units worth approximately $86.12 million. Bitcoin's liquidation was pegged at 1.98K BTC units worth approximately $44.59 million.
The liquidations are encompassing and feature some of the high-performance digital currencies that come off as high fliers this year. One of these is the Aptos coin, a Layer 1 protocol that recorded over 94% growth last week, as by U.Today. Per the liquidation data from CoinGlass, Aptos ranks as the third most liquidated coin with over 721.81K APT units worth $9.79 million cleared off the market.The outlook of the industry shows that the bears are making the effort to erase the valuation boost most cryptocurrencies have recorded since the start of the year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
XRP Funds Keep Seeing Inflows as Crypto Market Ends Bearish StreakLast week saw a continued upward trend for digital asset investment products as $37m in inflows were reported
Source: Utoday_en - 🏆 295. / 63 Read more »
Shiba Inu (SHIB) Rise Continues as Burn Rate Hits Triple Digits: Crypto Market Review, Jan. 23Shiba Inu, Dogecoin and other assets are getting enough support to stay afloat but not move forward
Source: Utoday_en - 🏆 295. / 63 Read more »
SEC commissioner reminds of ‘the point of crypto’ as market aims for recoveryThe SEC commissioner underscored that crypto is about solving a trust problem and how people can transact with those they do not know. No that's the stock market's job Great statement Actually it is... Not much difference from stocks lmao
Source: Cointelegraph - 🏆 562. / 51 Read more »
SEC commissioner reiterates ‘the point of crypto’ as market aims for recoveryThe SEC commissioner underscored that crypto is about solving a trust problem and how people can transact with those they do not know. Wow, finally someone in the SEC understands crypto - it only took them a decade!
Source: Cointelegraph - 🏆 562. / 51 Read more »
Nicholas Merten of DataDash predicts a 'cold winter' for the crypto marketNicholas Merten of the DataDash YouTube channel gives his opinions on an array of topics in the fourth episode of Cointelegraph's Crypto Trading Secrets podcast. Oh, great. Now I can finally get the opinion of one person on ALL THE THINGS.
Source: Cointelegraph - 🏆 562. / 51 Read more »