• About
  • Advertise
  • Privacy & Policy
  • Contact
Cryptos Valuator
  • Home
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Exchanges
No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Exchanges
No Result
View All Result
Cryptos Valuator
No Result
View All Result
Home News

Cryptocurrency Liquidations Accelerate Amid Market Volatility

July 2, 2021
in News
0
Cryptocurrency Liquidations Accelerate Amid Market Volatility
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Cryptocurrency assets saw extreme volatility over the weekend as Bitcoin touched a low of approximately $31,000. The overall market cap of digital currencies dropped below $1.3 trillion for the first time since February 2021.

The latest drop in the cryptocurrency market accelerated liquidations during the last 24 hours. According to the latest data published by crypto firm, bybt.com, $1.53 billion worth of cryptocurrency positions got liquidated within a single day.

Looking Forward to Meeting You at iFX EXPO Dubai May 2021 – Making It Happen!

Approximately $1.1 billion worth of long cryptocurrency positions were liquidated as BTC, ETH, XRP and DOGE lost significant value. Bybt mentioned that 296,000 traders got liquidated during the latest market volatility.

The cryptocurrency market posted a recovery of nearly $150 billion in the last few hours and that triggered liquidation of more than $400 million worth of short crypto positions. Bitcoin crossed $35,000 on Monday, which is a jump of nearly 15% from the recent low. Ethereum is currently trading near $2,100 after posting a spike of more than 20% in the last few hours.

Last week, Finance Magnates reported about the liquidation of more than 300,000 crypto traders amid extreme market volatility.

Impact of China and Tesla on Cryptocurrency Market

Recently, Reuters reported about China’s strict crypto measures. The country banned financial companies from services related to cryptocurrency payments. Additionally, Asia’s largest economy introduced restrictions regarding crypto mining in the region. Elon Musk, CEO of Tesla remained vocal about Bitcoin and other cryptocurrency assets during the last few days. In a Tweet, Musk called Bitcoin a highly centralized cryptocurrency and mentioned that BTC mining companies are controlling the market. “A single coal mine in Xinjiang flooded, almost killing miners, and BTC hash rate dropped 35%,” Musk said in a tweet.

The latest announcements by China and Musk have had a negative impact on the cryptocurrency market as the total market cap of digital currencies lost nearly 45% of its value in just two weeks. As of writing, the crypto market cap stands at around $1.45 trillion.

Previous Post

Fear and Greed Index Crashes to Its Lowest Level Since the Crash of March 2020

Next Post

LMAX Digital Sees Client Influx as Institutional Crypto Demand Soars

Next Post
LMAX Digital Sees Client Influx as Institutional Crypto Demand Soars

LMAX Digital Sees Client Influx as Institutional Crypto Demand Soars

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 123 Followers
  • 23.8k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Venezuela Considers Proposal to Include Bitcoin in Central Bank Reserves

Venezuela Considers Proposal to Include Bitcoin in Central Bank Reserves

June 23, 2021
Newegg Expands Bitcoin Payment Option To 73 More Countries

Newegg Expands Bitcoin Payment Option To 73 More Countries

July 4, 2021
World of Ether Goes Live on Ethereum Mainnet, Soon Becoming Top Ranked Crypto Game

Black Friday Drags Crypto Market Down, Bitcoin & Ethereum Price Plunges

August 4, 2021
World of Ether Goes Live on Ethereum Mainnet, Soon Becoming Top Ranked Crypto Game

Enterprise Ethereum Alliance Opens Regional Office In South Korea

August 6, 2021
UPbit Audit Reveals That South Korea’s Cryptocurrency Exchange is Not Guilty

UPbit Audit Reveals That South Korea’s Cryptocurrency Exchange is Not Guilty

Goldman Sach’s Cryptocurrency Startup Circle Raises $110 Million Led By Bitmain Technologies

Goldman Sach’s Cryptocurrency Startup Circle Raises $110 Million Led By Bitmain Technologies

NASDAQ-Powered Crypto Exchange To Go Live in June 2018

NASDAQ-Powered Crypto Exchange To Go Live in June 2018

Why is ZCash Price Rising ? | Latest Crypto News

Why is ZCash Price Rising ? | Latest Crypto News

Binance Shifts Voyager, FTX Tokens to Innovation Zone Amid Bankruptcy

Binance Shifts Voyager, FTX Tokens to Innovation Zone Amid Bankruptcy

June 9, 2023
PayPal Sees Record-High Crypto Deposits, Reaching $943M

PayPal Sees Record-High Crypto Deposits, Reaching $943M

June 7, 2023
Bitcoin Might Be Accepted as Payment Option for Government Services in Liechtenstein – PM

Bitcoin Might Be Accepted as Payment Option for Government Services in Liechtenstein – PM

June 5, 2023
MicroStrategy Turns Profitable in Q1 after Betting Big on Bitcoin

MicroStrategy Turns Profitable in Q1 after Betting Big on Bitcoin

June 2, 2023

Recent News

Binance Shifts Voyager, FTX Tokens to Innovation Zone Amid Bankruptcy

Binance Shifts Voyager, FTX Tokens to Innovation Zone Amid Bankruptcy

June 9, 2023
PayPal Sees Record-High Crypto Deposits, Reaching $943M

PayPal Sees Record-High Crypto Deposits, Reaching $943M

June 7, 2023
Bitcoin Might Be Accepted as Payment Option for Government Services in Liechtenstein – PM

Bitcoin Might Be Accepted as Payment Option for Government Services in Liechtenstein – PM

June 5, 2023
MicroStrategy Turns Profitable in Q1 after Betting Big on Bitcoin

MicroStrategy Turns Profitable in Q1 after Betting Big on Bitcoin

June 2, 2023
Cryptos Valuator

Follow Us

Browse by Category

  • Altcoin News
  • Bitcoin
  • Bitcoin News
  • Blockchain
  • Blockchain News
  • Business
  • Coins
  • Cryptocurrency
  • Cryptonews Deals
  • DeFi News
  • Economy
  • Ethereum
  • Ethereum News
  • Events
  • Exchanges
  • General
  • ICOs
  • Industry Talk
  • Markets
  • News
  • NFT News
  • Opinion
  • Press Releases
  • Regulation
  • special site
  • Sponsored
  • World

Recent News

Binance Shifts Voyager, FTX Tokens to Innovation Zone Amid Bankruptcy

Binance Shifts Voyager, FTX Tokens to Innovation Zone Amid Bankruptcy

June 9, 2023
PayPal Sees Record-High Crypto Deposits, Reaching $943M

PayPal Sees Record-High Crypto Deposits, Reaching $943M

June 7, 2023
  • Terms & Conditions
  • Privacy Policy

© 2021 Cryptos Valuato

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Exchanges

© 2021 Cryptos Valuato