Crypto market liquidations exceed $600M, Bitcoin crosses $93K
For the first time in seven weeks, Bitcoin has surpassed $93,000, triggering a sentiment shift that resulted in more than $600 million in crypto market liquidations.
As of press time, Bitcoin (BTC) is trading at $93,069, up 5% in the last 24 hours. Ethereum (ETH) has jumped 12% to $1,768 while Solana (SOL) is up 7% at $149. The cryptocurrency market’s overall market capitalization has increased by 4% to just over $3 trillion.
According to Coinglass data, $602 million was liquidated from the cryptocurrency market in the last 24 hours, a 130% increase. Furthermore, open interest rose 14% to $121.6 billion, indicating a rise in leveraged bets on the market. Despite the overall market rally, the Altcoin Season Index,…
