Web Analytics
Wednesday, February 5, 2025

Traders lost over $ 8 billion in 24 hours amid the collapse of the crypto market

Crypto exchanges forcibly closed the positions of 727 thousand users. One of them lost $ 67 million on a deal with bitcoin.

Over the past day, crypto traders have lost over $ 8 billion, according to the bybt service. Margin positions of 726 thousand users were forcibly liquidated. The largest liquidation was $ 67 million, it happened on the Huobi crypto exchange, paired with Bitcoin.

The liquidation over the past day turned out to be one of the largest in recent years. However, it yielded to the sum of the traders‘ losses on April 17, when they lost $ 9.3 billion.

Over the past 24 hours, traders have lost the largest amount of funds on transactions with bitcoin – $ 3.4 billion. In second place in this indicator is Ethereum – $ 2.2 billion.

Yesterday, the cost of bitcoin fell by 33%, to a minimum of $ 30 thousand. Since the all-time high of $ 64.8 thousand, which was set on April 14, the cryptocurrency has more than doubled in price.

bitcoin is trading at $ 40.1 thousand, over the past day its price has increased by 2%. At the same time, the total cryptocurrency market capitalization decreased by 7% to $ 1.7 trillion.

Related Articles

Stay Connected

3,477FansLike
4,500FollowersFollow
1,200FollowersFollow
3,912FollowersFollow
1,222SubscribersSubscribe

Trump Media Takes a Bold Leap into the Future of Finance: A $250 Million Crypto Adventure

0
In a move that underscores the growing intersection of technology, politics, and finance, Trump Media and Technology...

Latest Articles

Random