Shocking $1 Billion in Crypto Liquidated on Market Following Massive Correction

has been in turmoil, with a staggering $1 billion in liquidations occurring in the past 24 hours. Even more alarming is the fact that 90% of these liquidations took place within the last 12 hours, indicating a rapid and severe market downturn. This event marks the most significant two-sided liquidation in at least the past four months, and possibly evenBitcoin , the flagship cryptocurrency, has not been spared from the market's wrath.

has experienced significant volatility, reflecting the broader market's instability. The sudden and sharp decline in Bitcoin's price can be attributed to the massive liquidations, as traders and investors scramble to exit their positions.The sheer magnitude of these liquidations is reminiscent of the extreme market volatility seen during the early days of the cryptocurrency industry.

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.

Crypto traders hit by $1.04 billion in liquidations amid intense market volatilityNearly $270 million in collateral across the DeFi landscape is at risk of liquidation should the price of ether fall below $1500.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Bitcoin price dips to the $25,100 range with $820 million long positions liquidated across the marketBitcoin (BTC) price dipped below critical levels to test its range low during the afternoon hours of the US session. The slump was accompanied by heav
Source: FXStreetNews - 🏆 14. / 72 Read more »