The cryptocurrency market faced a significant correction as substantial liquidations amounted to $1.76 billion within a short 24-hour period. Bitcoin, the largest cryptocurrency by market capitalization, saw its price drop by 3% amid this wave of liquidations.
Other notable cryptocurrencies such as Ethereum (ETH) and Ripple (XRP) also experienced declines, illustrating the widespread impact of this market correction. This event marks one of the significant market movements, indicating volatility and the susceptibility of digital assets to rapid shifts.
The information concerning the market downturn was initially reported by CryptoTale, highlighting the ongoing challenges within the cryptocurrency sphere as volatile price movements and significant liquidations continue to shape the market landscape.
Джерело: cryptotale.org ↗