Here’ s why the crypto crash is intensifying as liquidations hit $1.6 billion
The ongoing crypto crash intensified on Saturday, with Bitcoin and most altcoins being in the deep red.
Summary
- The crypto crash accelerated on Saturday, with Bitcoin tumbling to $75,000.
- The market capitalization of all coins dropped to $2.7 trillion.
- Bitcoin and the broader crypto market is reacting to the soaring risks.
Bitcoin (BTC) dropped below the important support level at $80,000 for the first time in months, while Ethereum (ETH) moved to a low of $2,300. The market capitalization of all tokens dropped by 5.5% in the last 24 hours to $2.63 trillion.
The worst-performing tokens were cryptocurrencies like River, Story, Lighter, Virtuals Protocol,…
