Plunge

Ethereum

Solana

Bitcoin

Coin

<ul class="news-points"> 
 <li>Long liquidation was almost eight times those of shorts as prices tumbled.</li> 
 <li>Resistance at $70,602 might stop BTC’s recovery while ETH could drop to $3,082.</li> 
 <li>SOL might swing sideways but ADA might rise toward $0.55 if buying pressure appears.</li> 
</ul> 
The crypto market has had a rough last 24 hours as prices crashed and liquidations hit unimaginable numbers. According to Coinglass, about $937.32 million worth of leveraged positions were wiped out of the market in the last 24 hours with longs suffering a major part of it. While long liquidations were worth $825.14 million, shorts only accounted for $112.12 million. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/N16BT9wHQg6iqvZTTp3CaAlg8pyfLC4-ehgXN0FVI3wG_5YA7i_WsYSikuwfqqU_MdkgR0UkjBfWOcOXMVnQqh235jcbRnlKeEPyitPIl3e98gM2Hp8Y919ulkn0yJTXq-Y9xygKKBI1tWXtK5PnOfo" alt="">
</figure> 
Crypto Market Liquidation (Source: <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="nofollow">Coinglass</a>) 
The reason for this wipeout was glaring as <a href="https://coinedition.com/bitcoin-btc-price-prediction/">Bitcoin (BTC)</a> collapsed to $65,000. Ethereum (ETH) was included as its price plunged to $3,100. Solana (SOL) declined to $141 while <a href="https://coinedition.com/cardano-ada-price-prediction/">Cardano (ADA)</a> was the worst performer out of the top 10. 
An occurrence like this could be tagged a pre-halving rally considering that the Bitcoin halving is about seven days away, with miners facing financial pressure and taking out liquidity from the market.&nbsp; Here is how prices might fare going forward. 
<h3 class="wp-block-heading" id="h-bitcoin-btc-nbsp">Bitcoin (BTC)&nbsp;</h3> 
At pres…
The post <a href="https://coinedition.com/major-sell-off-rocks-crypto-market-bitcoin-ethereum-and-altcoins-plunge/">Major Sell-Off Rocks Crypto Market: Bitcoin, Ethereum, and Altcoins Plunge</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Major Sell-Off Rocks Crypto Market: Bitcoin, Ethereum, and Altcoins Plunge

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