According to data from Coinglass, over $137 million in Bitcoin and altcoins were liquidated within 24 hours as the crypto market began to decline. Here are the latest happenings in the cryptocurrency market…
Bitcoin crashed: Millions liquidated
The data shows that the price of Bitcoin (BTC) has fallen by 2.49% in the last 24 hours, dragging most altcoins with it. Of the $137.22 million liquidated in one day, $62.9 million came from BTC. This accounts for more than 45 percent of the total amount. Another big piece came from Ethereum (ETH) with $31.53 million. The remaining altcoins each registered about $2 million in liquidation. According to figures that classify liquidations by exchanges, most liquidations resulted from long positions.
OKX stood out as the exchange that facilitated liquidation the most, with $47.63 million, representing 34.71 percent of the total amount liquidated in the last 24 hours. Binance followed OKX in a close second with $45.39 million in liquidation. Cryptokoin.com data shows that 91 coins have recorded a price drop in the last 24 hours. The biggest drops were recorded by XinFin (XDC), SingularityNET (AGIX) and Stacks (STX) with 6.68 percent, 6.37 percent and 5.71 percent, respectively.
Besides BTC, which lost 2.49 percent of its value, ETH, XRP (XRP), Cardano (ADA) and Solana (SOL) fell 3.05 percent, 2.83 percent and 5.4 percent, respectively. Despite the general decline in the market, the data reveal that the industry has grown by 16.77 percent in the last 24 hours.
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