Crypto market volatility leads to $2.5 billion in Bitcoin liquidations
Bitcoin investors have liquidated $2.56 billion worth of assets in recent days, as cryptocurrencies fell following a sell-off in other risky assets, including stocks and precious metals, according to analytics firm CoinGlass, UNN reports with reference to Reuters.
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The collapses of both short and long positions in Bitcoin are significantly lower than the record $19 billion the market experienced after US President Donald Trump announced new tariffs on goods from China. However, analysts say the new wave of collapses demonstrates how sensitive the cryptocurrency market has become to a decline in risk appetite.
