Crypto Market Sees $243.49 Million Liquidation in 24 Hours
- Binance data indicates that $243.49 million has been liquidated over the last day.
- Both the BTC and the ETH prices are down as a result of this.
The podcast platform known as The Roundtable Show took to its Twitter account to break some interesting news about what is currently going on in the crypto markets heading into the weekend. According to the post, about $185 million has been liquidated from the crypto market over the past 45 minutes.
The post also mentioned that this has had a very negative impact on the prices of large cryptos like Bitcoin (BTC) and Ethereum (ETH). Adding to the bigger picture of the current liquidations in the crypto market is data shared by the biggest crypto exchange, Binance. Data from the exchange indicates that about $243.49 million has been liquidated from the crypto market over the last 24 hours alone.
The impact of these liquidations is far reaching, which is evident in the fact that the price of BTC currently stands at $22,387.61 after a more than 4% drop in price over the last day. The crypto market leader is also in the red by more than 6% over the last seven days. The 24-hour trading volume for BTC currently stands at $26,447,651,843 after a more than 19% increase since yesterday.
ETH seems to be suffering the same fate as the altcoin is currently worth about $1,567.07 after a 4.67% drop in price over the last day. This has impacted the crypto’s weekly performance as it is now down by more than 4% over the last week as well. ETH’s 24-hour trading volume currently stands at $9,821,698,287 after a more than 42% increase since yesterday.
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