@philipstrade
Bitcoin Tumble Triggered $1.4 Billion in Liquidations
Altcoins have felt the sting, too. Ethereum was down 16% over a 24-hour period at one point, with XRP plunging 18% and Dogecoin 26%.
Crypto liquidations have hit $1.4 billion over the past 24 hours, Coinglass data shows.
Leveraged traders with long positions were left reeling after a sharp pullback in Bitcoin's price—and harsher declines among altcoins.
The Bitcoin price sank to lows of $92,000 on Friday, meaning the world's biggest cryptocurrency is now 13.4% off all-time highs set just three days ago.
https://decrypt.co/298231/bitcoin-tumble-triggered-1-4-billion-in-liquidations
0 reply
1 recast
14 reactions