Crypto Blog
The cryptocurrency markets plummeted on Friday evening, and the same violent scenario was repeated once again on Saturday.
The entire market has bled out, with another $200 billion leaving the space. The total liquidations have skyrocketed to $700 million after the $900 million last night.It was all going well for the primary cryptocurrency until Friday evening, as the asset had calmed at around $70,000-$71,000. However, the situation changed following the latest US Fed speeches that didn’t hint at any significant changes in the central bank’s monetary policy in terms of interest rate reduction.
The altcoins have bled out even more. Double-digit price losses are evident from almost all of them, including SOL, XRP, BNB, DOGE, SHIB, AVAX, and many more. The total crypto market capitalization has declined by around $200 billion in a day and more than $400 billion since Friday morning. These price fluctuations have liquidated another 220,000 traders in the past 24 hours. The total value of wrecked positions is at $800 million in the same time frame,AI Will be One of those Areas Where Blockchain has Genuinely Improved: Flare Network’s CEO Hugo Philion One Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments.
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