Bitcoin

Million

Coin

<ul class="news-points">
 <li>Bitcoin and Ether dropped 2% and 7% in the last 24 hours, respectively.</li>
 <li>Around $250 million was wiped off from the crypto space in the past 24 hours.</li>
 <li>Experts said that the US stock market tumble is partially responsible for the crypto crash.</li>
</ul>
The crypto market tumbled on Thursday, with leading digital assets Bitcoin (BTC) and Ether (ETH) erasing gains from the previous week. Bitcoin is currently trading at $64,000, while Ether sits at $3,182, reflecting a decline of over 7% in the last 24 hours.
Data from Coinglass reveals that <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noopener noreferrer nofollow">more than $250 million</a> was liquidated from the digital asset space in the past 12 hours, with nearly $300 million wiped out over the last 24 hours. An additional $52.44 million was liquidated within the past four hours alone. Binance, the world’s largest crypto exchange, saw nearly $100 million liquidated in the last 12 hours.
The crypto market downturn coincides with a lackluster performance in the U.S. stock market on Wednesday, attributed to waning artificial intelligence enthusiasm, according to a Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-07-25/bitcoin-btc-ether-eth-slide-as-risk-aversion-spreads-to-crypto-market" target="_blank" rel="noopener noreferrer nofollow">report</a>. Investor sentiment appears to have been dampened by the stock market decline.
The post <a href="https://coinedition.com/crypto-crash-intensifies-liquidations-soar-past-250-million-in-12-hours/" rel="noopener noreferrer nofollow">Crypto Crash Intensifies: Liquidations Soar Past $250 Million in 12 Hours</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Crypto Crash Intensifies: Liquidations Soar Past $250 Million in 12 Hours

Coin Edition

Các bài viết khác được xuất bản trên 25 thg 7, 2024

How to Buy Polkastarter Coin?

Prime Machin Case Study for Sui

Peter Schiff Says Stage Is Set for Crypto Downfall

Meme Token Mania: Which Coins Will Soar in 2024?

Which Meme Coin Will Hit $1 by 2025 – Brett or Dogecoin?

Toyota Aims To Enhance Mobility with Ethereum Blockchain Integration

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!