@$56673: Bitcoin Dips Below $57K, ETH Sub $4K: $120 Million Liquidated in an Hour

The cryptocurrency market continues to decline as Bitcoin’s price dipped below $57K, while Ethereum reached as low as $3,950 on Binance. This left around $120 million liquidated in just an hour.

• The bitcoin price is now down 5% in the past 24 hours and 12% in the past week as it dipped below $57K moments ago.
• This is the lowest BTC has been trading at since October 28th.

• In the meantime, Ethereum’s price also took a beating as it dipped below $4K and reached $3,950. The cryptocurrency is down 5.1% in a day and 13.5% in a week.
• Data from Bybt shows that this latest dump led to about $120 million worth of liquidated positions in the past hour, about 40% of which came from BTC alone.
• The total amount of liquidations for the day is $431 million.
• The largest single liquidation order took place on Bitmex – it was a BTC/USD position with a face value of $7.2 million.
• 80% of the liquidations in the last hour were of long positions, where the leading exchange in terms of it is Binance, followed by FTX and Bybit.

More Airdrops...

FREE AlcheGold Tokens In Alchemon NFT Airdrop!

AlcheGold

FREE ANSR Coins In Answerly Crypto Airdrop!

ANSR

FREE ANSR Tokens In Answerly NFT Airdrop!

ANSR

FREE NFTs Tokens In Rubic NFT Airdrop!

NFTs

FREE Metaverse Citizenship Tokens In Blockchain Land NFT Airdrop!

Metaverse Citizenship

FREE MCT + MAGIC CLUB NFTs Tokens In Magic Club NFT Airdrop!

MCT + MAGIC CLUB NFTs

FREE BIXB + Discount Tickets Tokens In Metabix by BixBcoin NFT Airdrop!

BIXB + Discount Tickets

FREE IXT Tokens In Planet IX NFT Airdrop!

IXT

FREE WZRD + Wizardia NFTs Tokens In Wizardia NFT Airdrop!

WZRD + Wizardia NFTs

FREE IGU Coins In IguVerse Crypto Airdrop!

IGU

More NFT Drops...

NFT DROP: No No’s

Mar 29

NFT DROP: Meta Panther Club

Mar 29

NFT DROP: Blockmaster NFT

Mar 29

NFT DROP: Symbio

Mar 29

NFT DROP: Crypto Wiener NFTs

Mar 29

NFT DROP: Manga Society

Mar 29

NFT DROP: Stoned Puppies

Mar 29

NFT DROP: MVA ( Mysterious Vegan Ape )

Mar 28

NFT DROP: Sol Dog Club

Mar 28

NFT DROP: Dodomoo

Mar 28

More Crypto News...