Over $350M in Liquidations Daily as Bitcoin Dumped Below $19K
The total value of daily liquidations has gone above $350 billion as the market is in the red once again. The liquidations on a daily scale are on the rise once again after the recent market stagnation as BTC, and most altcoins turned red. Ethereum erased all of its recent gains, dipping below $1,500 briefly, while BTC saw a multi-week low.
Yesterday was a predominantly positive day for the crypto market, especially for the altcoins, many of which registered impressive gains. Perhaps fueled by the Bellatrix upgrade – the last step before the long-anticipated Merge – Ethereum soared by double-digits to a multi-day high of over $1,650. Ethereum Classic was another massive gainer, surging past $40. Hours after those increases, though, the market sentiment changed. BTC was rejected at $20,000 and plummeted by approximately $1,500 to its lowest price position since late July of $18,500.
Source
https://t.me/DeFi_Ethereum
