$1.25 Billion in Liquidations as Bitcoin Price Shortly Dips Below $21K
The cryptocurrency market decrease continues with no signs of showing down. Bitcoin dipped below $21K leaving around $1.24 billion in total liquidation over the past 24 hours.
Liquidation keeps piling in as Bitcoin's price dips below $21,000 briefly and ETH below $1.1k
The bloodbath in the cryptocurrency market continues and it doesn't seem to show any signs of slowing down.
At the time of this writing, BTC is trading at around $21,900 down 15.6% on the day.
Whopping $1.24 billion in liquidations over the past 24 hours across the entire market according to Coinglass.
Bitcoin clocking in at over $600 million. Ethereum is a close second with slightly below $480 million at that time.
Ethereum also fell below $1-1k briefly but managed to recover to where it's currently trading at slightly a face value of over $4.4 million.
Read: Temporary pause of BTC withdrawals on Binance due to a stuck transaction causing a backlog
