Over 150,000 traders faced liquidation within the last 24 hours.<\/p>\n\n\n\n
Following a period of stagnation, Bitcoin’s value took a significant nosedive, reaching a 9-day trough of $66,000.<\/p>\n\n\n\n
Altcoins have fared even worse, experiencing considerable declines. Notably, Dogecoin, Shiba Inu, Bitcoin Cash, and Avalanche have seen their prices fall sharply.<\/p>\n\n\n\n
The report from CryptoPotato indicated a lackluster performance by Bitcoin, which had been trading around $70,000 after it struggled to surpass the $71,000 mark. The trend shifted during the trading hours when Bitcoin slightly dipped below $68,500 but managed to bounce back. However, the situation deteriorated in the early hours of Tuesday\u2019s Asian trading session.<\/p>\n\n\n\n
Bitcoin’s price swiftly dropped by $4,000, hitting a 9-day low at $66,000. Although it has recouped some of its losses, Bitcoin’s price is still down by over 5%, currently sitting at approximately $66,500.<\/p>\n\n\n\n
The plunge in altcoins is more pronounced. Cryptocurrencies like Dogecoin, Avalanche, Shiba Inu, and Bitcoin Cash have experienced significant double-digit percentage losses over the last day, with Bitcoin Cash\u2019s fall noteworthy as it precedes its impending second halving.<\/p>\n\n\n\n
Other cryptocurrencies, including ETH, BNB, SOL, ADA, TON, XRP, and DOT, have also seen their values plummet. These drastic price movements have resulted in a substantial number of trader liquidations, exceeding 150,000 as per CoinGlass data.<\/p>\n\n\n\n
Liquidations over the past day have amounted to more than $500 million, with the largest single liquidation event occurring on OKX, involving an ETH-USD-SWAP trade valued at $7.5 million.<\/p>","protected":false},"excerpt":{"rendered":"
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