Crypto Earthquake: $1 Billion Collapses in an Instant!
Cryptocurrency Market Sees $1 Billion Drop Due to Volatility:
The cryptocurrency market has recently experienced significant volatility, resulting in over $1 billion in losses in just 24 hours. This was marked by sharp declines in the prices of major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). Bitcoin fell to an intraday low of $94,129 before recovering some of its losses to around $97,000, resulting in significant losses, especially in long positions. Ethereum also saw significant losses, with $134.50 million in losses in the last four hours of the reported period. The majority of the losses were from long positions, at more than $1.39 billion, while short positions accounted for $137 million.