In this post. Over the past 12 hours, cryptocurrency traders have lost nearly $250 million in liquidations.
The total #cryptocurrency market has fallen 3.99% over the past 24 hours, with #BTC down 2.9% and #BTC down 8.3%.
the US market has lost over $1.1 trillion in unrealized gains and market corrections. This is due to global investors losing confidence in the US markets due to the Nasdaq issues and #Prime Minister Netanyahu's speech to the US Congress.
According to Coinglass, the largest clearing order was submitted by Binance-BTCUSDT for US$11.78 million. In the past 12 hours alone, the cryptocurrency market has lost $249.97 million in liquidations.
the second largest cryptocurrency, Ethereum (ETH), is currently worth $3,165.67, down 0.1% from an hour ago and down 8.3% in the past 24 hours. Over the past seven days, #BTC has lost 7.5% of its gains.
The global cryptocurrency market capitalization currently stands at $2.42 trillion, down 3.99% in the past 24 hours; BTC's market capitalization currently stands at $1.26 trillion, reflecting 52.3% market dominance. Meanwhile, the market value of stablecoins is 165 billion U. S. dollars, accounting for 6.81% of the total market value of cryptocurrencies.
It's not just the cryptocurrency market that is suffering. On Wednesday, the NASDAQ posted its worst day since 2022. Seven major stocks tracked by the Round Hill Magnificent Seven exchange-traded fund entered a correction phase.
the losses are partly attributed to yesterday's results from Alphabet and Tesla, which fell short of Wall Street's inflated expectations. According to reports, the U. S. central bank officially recorded a loss of more than $1 trillion, which could have a significant impact on the dollar. In addition, the Fed's unrealized losses at the end of 2023 will total nearly $984 billion.
And not only that.
One X user adds: "This is a shameful day for America.
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