More Than 62,000 Crypto Traders Liquidated as Bitcoin, Ethereum Take Tumble
-
Loading... - Marcel Fabre
- 12 Jul 2022
- 106 Views
- 0 Like
- 0 Comment
Bitcoin (BTC) tumbled overnight, with the leading cryptocurrency dropping to levels as low as $19,621, according to data from CoinMarketCap.
Last week was a bullish one for cryptocurrencies, as most ended up in the green territory. BTC had also managed to stay above its $20,000 support after weeks of waffling above and below this price.
Bitcoin has this morning, however, shed 3.72% over the past 24 hours and is trading closely near its seven-day low of $19,341.23, indicates CoinMarketCap.
The market capitalization of the largest cryptocurrency, Bitcoin, has crashed from a whopping $1.27 trillion in November 2021 to under $377 billion today.
As for Ethereum (ETH), the second-largest cryptocurrency with a market capitalization of $129 billion, it too has slipped to around $1,068, a 6.7% decline over the past 24 hours.
This marks a drop of 78.14% from its all-time high of $4,891.70.
Amid the bearish price action, more than 62,000 traders were liquidated in the crypto market, suggests data from CoinGlass. Over $180 million has been liquidated over the same period.
Ethereum leads liquidations with nearly $62 million liquidated in the past 24 hours, followed by Bitcoin with $59.95 million and Solana with $3.42 million over the same period. Read More...
