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Crypto Market Crash Imminent? Liquidation Breaches $140 Million

The global digital asset market registered a massive drop on Thursday after witnessing the relief rally over the past few weeks. The cumulative crypto market cap declined by more than 3% over the last day as the biggest digital assets like Bitcoin (BTC) and Ethereum (ETH) prices slid by around 2%.

As per the data, the crypto market saw a liquidation of around $144 million by more than 63K traders in the last 24 hours. However, the single largest liquidation order happened on Bybit of $2.7 million. This traders’ move has left the market cap standing at $1.05 trillion. While 24 hour trading volume saw a jump of 5% to stand at $64 billion.

(By Ashish Kumar)

Cryptocurrency
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