Crypto Liquidations Top $2 Billion as Bitcoin Continues Slide, Ethereum Hits 4-Month Low
Tuesday’s crypto market bloodbath only got worse as the afternoon dragged on, with Bitcoin nearly touching the $99,000 mark, Ethereum falling to a four-month low, and total daily liquidations topping $2 billion.
Bitcoin fell below the $100,000 mark on Tuesday for the first time in six months, then continued to dip lower after briefly rebounding. According to CoinGecko, BTC fell as low as $99,075 on Tuesday, with CoinMarketCap recording a bottom just below the $99,000 mark.
It was recently trading hands for $101,167, marking a daily dive of about 5%. That’s pushed Bitcoin’s recent decline to more than 10% over the last week, with the asset down nearly 20% from an all-time high above $126,000 set in early October.
Ethereum,…
