The past 24 hours saw the broader cryptocurrency market lose around $120 billion of its total capitalization, which is currently sitting at roughly $2.63 trillion.Bitcoin lost around $3,000 throughout the past day following a sudden crash earlier this morning. The price went from almost $70K to $67K in minutes, triggering a wave of liquidations., the total number of liquidations surpassed $500 million in the past 24 hours, where the majority of them were long positions, as expected.
It’s interesting to see if the meme coins will come back swinging, as they tend to do in the past few weeks.
Source: News Formal (newsformal.com)
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