Bitcoin Smashes $59,800 as $212M in Liquidations Rattle Traders

Quick Summary:

The crypto economy experienced a 5.6% boost over the past 24 hours, reaching $2.07 trillion by Thursday.

Bitcoin has soared past the $59,800 mark, while ethereum has exceeded $2,500 per coin.This rapid climb on Aug.8 resulted in $212.59 million in derivatives liquidations across the entire crypto market within the last day.

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Article Details

Author / Journalist: Jamie Redman

Category: Crypto

Markets: Japan

Topics: Liquidations Market Updates Derivatives Crypto market Bitcoin XRP Solana Ethereum Toncoin Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 16:44:53 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 21989303

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 18 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 10 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #62

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