Crypto Market Takes a Hit: $872M Liquidated as Bitcoin Dips The crypto market's value has dropped to $2.42 trillion, with a 7.4% decrease in the past day. Global crypto trades have surged by 35.83%, hitting $114.57 billion.
Bitcoin (BTC) started strong above $70,000 but faced resistance, causing a sharp fall at 2:00 p.m., hitting a low of $65,230 per BTC.
BTC is now struggling to reclaim the $67,000 mark after an 8.8% drop against the USD in the last month. Such downturns impact the entire crypto economy.
The volatility led to
275,000 traders getting liquidated, suffering losses nearing
$1 billion. Long positions lost $782.41 million, while shorts lost $91.46 million.
While the global average price hovers around $67,000, South Korea sees a premium at $71,753 per BTC. Top trading pairs include USDT, FDUSD, and USD.
Crypto traders buckle up as the market takes a tumble and liquidations soar – it's a rollercoaster ride for leveraged enthusiasts!
