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$110 Million in Bitcoin and ETH Liquidated as BTC Drops Below $40,000, ETH Goes Under $3,000

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Mon, 01/10/2022 - 15:04
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Yuri Molchan
$110 million in Bitcoin and Ethereum trades have been liquidated over past 30 minutes
$110 Million in Bitcoin and ETH Liquidated as BTC Drops Below $40,000, ETH Goes Under $3,000
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Liquidations of Bitcoin and Ethereum futures contracts over the past half hour are among the reasons that have pushed Bitcoin below the $40,000 level and made Ethereum dive under $3,000.

As reported by Chinese crypto journalist Colin Wu, Coinglass has announced that a total of $110 million in Bitcoin and Ethereum trades has been liquidated across crypto exchanges.

A total of $57.25 million of this has been liquidated in Bitcoin and $38.03 in Ethereum. The flagship cryptocurrency is now changing hands at $39,821, and Ethereum is trading slightly below $3,000, although both BTC and ETH are struggling to recover.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.