Bitcoin (BTC) was recently trading at about $28,275, up a fraction of a percentage point but down from its peak early Wednesday above $30,000. BTC sank as low as $27,264 later in the day.
Ether (ETH) was recently trading at $1,855, down slightly. The second largest crypto in market value soared as high as $1,984 before dipping to a low of $1,789 Wednesday afternoon – its lowest price since the first part of April.
Traders endured some $310 million of losses from liquidations in the past 24 hours, according to CoinGlass data, as the wild swing in crypto prices liquidated both long and short positions.
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