New rout in bitcoin ripples through crypto world today
Nearly all crypto assets are seeing red on Monday morning, with the total market capitalization for all crypto assets falling below $4 trillion since Sunday evening.
Bitcoin (BTC-USD) fell 3%. The second-largest cryptocurrency, ether (ETH-USD), fell 6%. Solana’s (SOL-USD) token is down 7%. Dogecoin (DOGE-USD) and World Liberty Financial (WLF) are each down 10%.
Over Sunday night, a total of $1.7 billion in trading positions in the crypto derivatives market were liquidated, according to data provider Coinglass.
Of those positions, 94% came from bullish trades with the single largest whip out — valued at $12.7 million — occurring on crypto exchange OKX.
Traders taking bullish bets on ether have seen over $500 million…
