Main navigation

Almost $10 Billion Worth of Crypto Liquidated as Bitcoin Collapses to $51K

Advertisement
Sun, 18/04/2021 - 4:50
Almost $10 Billion Worth of Crypto Liquidated as Bitcoin Collapses to $51K
Cover image via stock.adobe.com
Read U.TODAY on
Google News

According to Bybt data, an eye-popping $9.6 billion worth of crypto has been liquidated over the past 24 hours, up 274 percent from the previous day. 

Advertisement

Bitcoin, the flagship cryptocurrency, collapsed to an intra-day low of $51,541 03:36 a.m. UTC on the Bitstamp exchange, trimming over $10,000 within 24 hours.

In spite of the coin's swift recovery to the $56,000 level, long positions account for 89.5 percent ($3.7 billion) of all liquidations within the last hour. 

Article image
Image by bybt.com

Binance, the largest exchange by daily trading volume, is responsible for 49 percent of the wipe-out, with $4.7 billion worth of liquidations.   

Other cryptocurrencies are getting clobbered harder than Bitcoin, with XRP and Litecoin collapsing almost 20 percent.   

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD