#Liquidation of $300 million as #Bitcoin and alternative currencies enter a sharp correction.. What's next?

_#Both.Bitcoin (BTC) and altcoins are now facing a pullback as the broader #cryptocurrency.market undergoes a correction of over 3%. Bitcoin (BTC) saw a decline of up to 7.5%. It fell to $40,521, but recovered some of its losses and settled at a 4% decline. It is currently trading at $41,745. At present, Bitcoin (BTC) is declining by 3.37%, with a price of $42,357 and a market cap of $828 billion. $300 Million Liquidation As Bitcoin (BTC) Corrects According to CoinGlass data, nearly $300 million worth of long positions were liquidated over the past four hours. This is happening across the broader cryptocurrency market, with small-cap altcoins seeing a bigger decline. Bitcoin has seen significant momentum this year. Buoyed by expectations of regulatory approval for the first Bitcoin spot trading funds (ETFs) in the US.

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