Crypto Market Liquidations Top $197 Million As Bitcoin Price Plunges Below $60,000

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Similarly, over $360 million worth of positions were liquidated on June 7 when the Bitcoin price crashed from $71,000 to $68,000.  Related Reading: Stacks (STX) Drops 23%, But Recent Devs Might Slow The Trend Recent market dynamics suggest that the industry might not be out of the woods yet concerning such liquidations.

Related Reading: ARB Market Plummets 14%, But New Developments Could Reverse The Trend At the time of writing, over $197 million worth of leveraged positions have been liquidated in the past 24 hours.

Notably, this figure soared to as much as $288 million during the peak of the selling pressure.  Bitcoin And Market Liquidations The persistent inability of Bitcoin to maintain a stable position above $60,000 highlights the uncertainty and speculative nature of the cryptocurrency market.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Cryptocurrency Market News Btcusd Bitcoin Altcoins Cryptocurrencies Btc Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-04 @ 18:30:21 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 450 words

Reading Time: 3 minutes read

Sentences: 62 lines

Sentence Length: 8 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 21918652

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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