Bitcoin

Dogecoin

Ethereum

<ul><li>Over $87.45 million in Bitcoin was liquidated in the last 24 hours.</li><li>BTC price was down by 5% in a day.</li></ul>Following prominent crypto exchanges such as the <a href="https://thenewscrypto.com/coinbase-announces-stopping-payments-from-silvergate-bank/" rel="noopener noreferrer nofollow">Coinbase announcement</a>, which made its distance with Silvergate bank, Bitcoin, Ethereum, and the rest of the cryptocurrency market have taken a significant blow. A sharp decline in the price of Bitcoin and across the global crypto market has sparked a flood of liquidations.Today, the March madness over the crypto market has seen a sudden plunge in the <a href="https://thenewscrypto.com/tag/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin price</a> after the initial appearance of the bad news on the likely collapse of cryptocurrency-related bank Silvergate. That triggered deluge of liquidations across the crypto markets.According to data from CoinGlass, more than $221 million in crypto assets were liquidated in just 12 hours. Also, the data shows that in the past 24 hours, 84,133 traders liquidated $255 million in cryptocurrency holdings.The most severely affected traders were those who were long-term holders of Bitcoin and Ethereum, with $76 million and $41 million in liquidations, respectively.<h3 id="sudden-shake-in-crypto-market">Sudden Shake in Crypto Market</h3>The largest crypto Bitcoin’s (BTC)price flew from $23K to $22K in a matter of minutes. At the time of writing, Bitcoin traded at $22,363 with a 24-hour trading volume of $34B. BTC was down by 5% in a day and 6.6% in a week. Also, the largest altcoin Ethereum (ETH) traded at $1,569, decreased by 4.5% in the last 24 hours and 5% in a week. ETH holds a trading volume of around $10M, as per data.Further, Elon Musk’s favorite cryptocurrency Dogecoin (DOGE) also facing massive liquidation. Around $4.77M DOGE coin liquidated by traders. At the time of writing, the memecoin’s price declined by over 6% in a day and 10% in a week.

Crypto Market Witnessed $221M Liquidation in Just 12 Hours

Table of Contents

TheNewsCrypto

Andre artikler udgivet 3. mar. 2023

Shiba Inu (SHIB) Bears Appear in Control of Price Action

OpenSea upgraded to Seaport 1.4, Seaport 1.1 to discontinue

Join the Crypto Revolution with CoinGabbar's 2 Billion Bitgert Token Giveaway | GabbarGiveaways

SHIB Ranks Second in Trending List Despite Horrific Price Losses

SDK v0.11.0: Increased Performance & Faster Processes

How TONE blockchain improves food safety, and drives economic growth

Join our free newsletter for daily crypto updates!