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$333 Million Worth of Shorts Liquidated in Hours as Bitcoin Soars to $60K

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Sat, 13/03/2021 - 12:50
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$333 Million Worth of Shorts Liquidated in Hours as Bitcoin Soars to $60K
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It's been a terrible day for bears. 

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According to Bybt data, roughly $407 million worth of numerous cryptocurrencies got liquidated over the past four hours alone.

Short positions account for 82 percent of the wipeout.

Article image
Image by Bybt 

Bitcoin is currently trading at $60,189 on the Bitstamp exchange after touching the $60,000 mark for the first time in history earlier today.

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BTC is up six percent over the past 24 hours, with all the other top coins also trading in the green. 

The flagship cryptocurrency's market share is approaching 62 percent. 

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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