Crypto Traders Lose Over $250M in Liquidations After Fed Rate Hikes and Regulatory Actions

Crypto traders had a whirlwind day after nearly 68,000 positions got liquidated in the past 24 hours. Total crypto liquidations surpassed the $257 million mark.

The news comes amid a rate hike by the U.S. Federal Reserve and the SEC’s regulatory action against crypto businesses.

Coinglass data revealed that liquidations on Bitcoin, Ethereum, and XRP dominated the trend in the period.

Total liquidations on Bitcoin stood close to $132 million, while Ethereum traders lost $51 million at press time based on market value. Around $8 million in liquidations were from XRP positions.

(By Shraddha Sharma)

Bitcoin $98,612.15

+0.56%

Bitcoin Ethereum XRP

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