Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Bitcoin slumped under $60,000 in early U.S. hours Sunday as a market sell-off continued into its fourth day, with bullish futures bets losing nearly $200 million in the past 24 hours.
Ether fell under $2,900, retracing all gains from its run to $3,400 in July as spot ETH exchange-traded funds were approved for trading in the U.S. Bitcoin slumped under $60,000 in early U.S. hours Sunday as a market sell-off continued into its fourth day, with bullish futures bets losing nearly $200 million in the past 24 hours.shows, reaching a three-week low to at $59,400. Among majors, Solana’s SOL and dogecoin dropped more than 9%. BNB Chain’s BNB, xrp and Cardano’s ADA fell at least 6%. Toncoin fared relatively better with a 1.8% loss.
Ether fell under $2,900, retracing all gains from its run to $3,400 in July as spot ETH exchange-traded funds were approved for trading in the U.S. The products have recorded net outflows on six days out of nine days of trading,Bullish futures bets lost nearly $200 million, CoinGlass data shows, as more than 97,000 traders were liquidated in the past 24 hours on the sudden market movements. ETH longs led losses at $55 million, followed by bitcoin longs at $43 million, the data shows.
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