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WebsCrypto—News—Crypto Liquidations Over $300 Million, Bitcoin, Ethereum Dump Over 6%
News

Crypto Liquidations Over $300 Million, Bitcoin, Ethereum Dump Over 6%

By WebsCryptoAugust 29, 20221 Min Read
Crypto Liquidations Over $300 Million, Bitcoin, Ethereum Dump Over 6%
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Over the past 24 hours, the value of the crypto industry has fallen by 6.8%, with more than $300 million in positions being liquidated. Over the past seven days, Bitcoin has lost about 4% in value.

The asset is currently trading more than 70% below its all-time high. In the past 24 hours, Bitcoin liquidations totaled $83 million, according to data from Coinglass. At the same time, Bitcoin’s market cap has plummeted from nearly $900 billion at the start of the year to its current $387 billion, a 50% drop.

Ethereum, on the other hand, lost more than 11% in 24 hours, and after a sharp drop, its value fell 11.7%, falling below $1,500 for the first time in weeks.

That means the gains made in recent weeks on M&A expectations have vanished from the market. In the past 7 days, the value of Ethereum has dropped by more than 7%, which is almost 70% different from ATH.

Related:  NFT Sales Dropped 32% Last Week, Ordinals Squeeze Top 10 Collections via Emblem Vault

Additionally, the red candle also liquidated over $135 million in Ethereum positions.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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