Bitcoin and Ethereum Plummet 8%, Erasing Tuesday's Bullish Gains
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Loading... - Kusi Gyimah
- 28 Sep 2022
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Top cryptocurrencies in Bitcoin and Ethereum dropped roughly 8%, wiping all gains enjoyed earlier in the week.
Bitcoin (BTC), the leading cryptocurrency with a market capitalization just north of $357 billion, has plummeted 7.5% over the past 24 hours. As of this writing, BTC changes hands at around $18,666 per data from CoinGecko.
On a weekly note, Bitcoin has posted modest losses of around 1%, highlighting the asset’s bumpy week.
Bitcoin held range bound over the past seven days, trading between a weekly high of $20,388.46 recorded yesterday and a low of $18,290.32.
Today’s bearish price action puts Bitcoin down 73% from its historical all-time highs of $68,789.63 recorded in November 2021, according to data from CoinGecko.
Bitcoin also leads liquidations over the past 24 hours, reports Coinglass.
More than 82% of Bitcoin long trades totaling $44.08 million have been liquidated in the last day. Short positions worth $9.56 million were liquidated over the same period. Read More...
