Crypto Blog
Bitcoin’s price actions took a violent turn from yesterday’s quietness as the asset plunged by more than three and a half grand to $63,300.
The alternative coins have followed suit, and the total value of liquidated positions has skyrocketed to almost $230 million on a daily scale.It managed to recover some ground yesterday and remained relatively quiet at around $66,800. Yet, the bears regained control once again in the past few hours and pushed it to a two-week low of $63,300 .
Despite bouncing off and currently trading close to $64,000, bitcoin is more than six grand away from its Monday top and is 2.5% down in the past 24 hours alone.The alternative coins are in an even worse state, with massive declines seen from WIF , RUNE , MNT , BONK , and ENS .Data from CoinGlass shows that nearly 70,000 traders have been wrecked in the past day due to this enhanced volatility. Interestingly, more ETH positions have been liquidated than BTC .
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