The crypto market has crashed, with Bitcoin's price dropping to nearly $49,000 at its lowest point and Ethereum falling to $2,100. Altcoins from the top 100 by market capitalization have seen declines of up to 30% in just one day.

The crypto market has crashed, with Bitcoin’s price dropping to nearly $49,000 at its lowest point and Ethereum falling to $2,100. Altcoins from the top 100 by market capitalization have seen declines of up to 30% in just one day.

August 5, 2024

The total volume of long liquidations on exchanges has exceeded $1.05 billion in the past 24 hours, according to Coinglass. Over 270,000 traders had their positions forcibly closed, most of them in Bitcoin and Ethereum. Additionally, more than $350 million in liquidations have been recorded in decentralized finance applications, according to The Block.

submitted by /u/FXgram_
[link] [comments]

Make a post in our subreddit XGramatikInsights, and your thoughts will appear here!

Share the Post:

India Economy Growth Declined for Three Consequent Quarter, Reaching 5.4% in Jul-Sep Quarter, Lowest Rate in Last Seven Quarters

India economy growth declined for three consequent quarter, reaching 5.4% in Jul-Sep quarter, the lowest rate in last seven quarters

Risk appetite is skyrocketing.

There are now a record 48 million options contracts traded per day, on average. This volume has tripled over the

The crypto market has crashed, with Bitcoin’s price dropping to nearly $49,000 at its lowest point and Ethereum falling to $2,100. Altcoins from the top 100 by market capitalization have seen declines of up to 30% in just one day.

Related Posts

India Economy Growth Declined for Three Consequent Quarter, Reaching 5.4% in Jul-Sep Quarter, Lowest Rate in Last Seven Quarters

Risk appetite is skyrocketing.