Bitcoin

Million

Drops

<p>The post <a href="https://coinpedia.org/crypto-live-news/sudden-drop-in-cryptocurrencies-trigger-313-million-liquidations-btc-drops-to-58k/" rel="noopener noreferrer nofollow">Sudden Drop In Cryptocurrencies Trigger $313 Million Liquidations, BTC Drops To $58K</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Cryptocurrencies faced substantial losses in the last 24 hours. Bitcoin briefly fell to a low of $58,034, marking a 24-hour drop of 6.5%. Ethereum hit a low of $2,392, a 24-hour drop of 9.4%. The sudden downturn triggered $313 million in liquidations of leveraged crypto derivatives positions over the past 24 hours. Other top cryptocurrencies by market capitalization also saw similar declines, with BNB falling nearly 4% to $528, Solana’s SOL dropping 7% to $146 and XRP trading down 4% to $0.56. DOGE and TRX were also down 6.5% and 2.25% respectively.</p>

Sudden Drop In Cryptocurrencies Trigger $313 Million Liquidations, BTC Drops To $58K

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