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16.11 - 09:25
USD 500M Liquidated as Bitcoin Falls Below USD 60K, Ethereum Below USD 4K
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Nearly USD 500m in long positions were liquidated across the crypto market in just one hour on Wednesday, as the price of bitcoin (BTC) fell below the psychologically important USD 60,000 level, and ethereum (ETH) dropped below USD 4,000.
At press time (08:26 UTC), BTC was down by 7.5% for the past 24 hours and 3.3% for the past hour, trading at a price of USD 58,900. However, the current price is still markedly up from a low of USD 58,000 reached just after 08:00 UTC.
Meanwhile, ETH was down by 5.7% over the past 24 hours and 5.1% over the past hour, trading right around the USD 4,000 mark at 08:26 UTC.
According to data from Bybt, total long liquidations of USD 486m and short liquidations of USD 12m were seen in the hour between 07:26 and
Read more on cryptonews.comAbout this in other media
Bitcoin Rallies Towards USD 69K, Ethereum Sets New ATH, Altcoins In Green cryptonews.com /3 years ago
Bitcoin price in classic 'Bull Pennant' breakout as BTC whales go on buying spree cointelegraph.com /3 years ago
Bitcoin Jumps Above USD 65K, Ethereum Gains Momentum, XRP Rallies cryptonews.com /3 years ago
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