Bitcoin, Ethereum, and Crypto Market plummet, Liquidating more than 68,000 traders.
Cryptocurrencies continued to fall as the two leading currencies, Bitcoin and Ethereum, dropped below $20,000 and $1,000 respectively.
According to the coinmarketcap, Bitcoin price reached as high as $22,500 a few days ago, continued to fall over the past few days, and reached as low as $19,535 today.
All cryptocurrencies managed to show bullish signs over the last week and failed to hold the $20,000 levels during the past few days. The current price of the asset is hovering around the $19,500 mark shedding more than 3.5% over the past 24 hours.
Bitcoin’s market capitalization during November 2021 was $1.27 trillion and it crashed to less than $377 billion as of today.
Bitcoin’s market capitalization as of November 2021 was around $1.27 trillion. As of today, it has reached $377 billion due to the market crash. The second-largest cryptocurrency Ethereum held on to its market cap of $569 billion in November 2021. It also collapsed to around $129 billion due to the crash. Ethereum’s price came down from its all-time high of $4,891 to $1068 today.
During the past 24 hours, more than 68,000 traders were liquidated, totalling $192.16 million in liquidations as per data from coinglass stats. The highest liquidations are from Ethereum totalling $5.35 m and $4.82 m from Bitcoin.
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Text source: Bitcoin FT
