Price: $0.39660 5.2615%
Market Cap: 58.26B 1.7661%
Volume (24h): 8.74B 0.4%
Dominance: 1.7661%
Price: $0.39660 5.2615%
Market Cap: 58.26B 1.7661%
Volume (24h): 8.74B 0.4%
Dominance: 1.7661% 1.7661%
  • Price: $0.39660 5.2615%
  • Market Cap: 58.26B 1.7661%
  • Volume (24h): 8.74B 0.4%
  • Dominance: 1.7661% 1.7661%
  • Price: $0.39660 5.2615%
Home > Information news > Over $700,000,000 in Bitcoin, Ethereum and Other Crypto Assets Liquidated in 24 Hours As BTC Falls Below $69,000

Over $700,000,000 in Bitcoin, Ethereum and Other Crypto Assets Liquidated in 24 Hours As BTC Falls Below $69,000

Release: 2024/03/16 07:07 Reading: 617

Original author:TheBitTimes

Original source:https://coinmarketcap.com/community/articles/65f49bca33310f27d803c4e6

Over $700,000,000 in Bitcoin, Ethereum and Other Crypto Assets Liquidated in 24 Hours As BTC Falls Below $69,000

Hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH) and other crypto assets have been liquidated during the last 24 hours as BTC plunges back below its previous all-time high.

New data from market intelligence platform Coinglass reveals that during the last day, $260 million worth of Bitcoin was liquidated, the overwhelming majority of them being long positions.

Coinglass also finds that $122 million worth of the leading smart contract platform has been liquidated during the same time frame, bringing the total amount of liquidated digital assets to a staggering $727 million during the last day.

Other prominent digital assets that saw at least $10 million worth of liquidations include ETH rival Solana (SOL), popular meme assets Dogecoin (DOGE) and Pepe (PEPE), Binance Coin (BNB), the native asset of the world’s largest crypto exchange platform, and Worldcoin (WLD), a privacy-focused eye-scanning project founded by OpenAI chief executive Sam Altman.

Coinglass’ data also reveals that most of the liquidations came from four prominent crypto exchange platforms – Binance, OKX, Bybit, and Huobi. Binance and OKX both saw over $260 million worth of option contracts wiped out while Bybit and Huobi saw $84 million and $56 million each, respectively.

Bitcoin is trading for $68,407 at time of writing, a 5% decrease during the last day and a 7% drop from its new all-time high of $73,580 set earlier this week.

The flagship digital asset’s previous all-time high was set in November 2021 when it reached $69,000.

Source: https://thebittimes.com/over-700-000-000-in-bitcoin-ethereum-and-other-crypto-assets-liquidated-in-24-hours-as-btc-falls-below-69-000-tbt82654.html

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.