Crypto Market Crash; Liquidation reaches $220 Million
Crypto Crash News: On Friday, the global digital asset market saw a further decline. After the latest crackdown by the U.S Securities and Exchange Commission (SEC), the crypto market crashed. Over the past 24 hours, the cumulative crypto market cap fell by 3.6%. It is still holding the critical $1 trillion level.
Despite a decrease in crypto market capital, its 24-hour trading volume has risen by 15% to $74.1 billion.
According to data, more than 83K traders have withdrawn more than $220,000,000 of funds from the cryptocurrency market in the past 24 hours. The OKX crypto exchange was the site that saw the largest single liquidation order, which was $4 million.
Ethereum (ETH), turns out to be one of the largest losers among the most popular crypto assets. Over 5% has been lost in the price of Ethereum (ETH) over the past 24 hours. Despite the recent decline in traders’ sentiments, Ethereum seems to be leading liquidation. Data shows that $52.2 million worth of ETH has been liquidated in the last day. See More Crypto News
In the last 24 hours, however, traders managed to liquidate approximately $52 million of Bitcoin (BTC). Bitcoin prices have dropped more than 3% to $21,870 at press time. However, the 24 hour trading volume of Bitcoin is up by 4% and now stands at $30 billion.
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