BNB, Solana, Cardano plunge as crypto market liquidations cross $1 billion
The cryptocurrency market trades in the red with BNB (previously known as Binance Coin), Solana (SOL), and Cardano (ADA) leading the losses in the top altcoins list. Over the last 24 hours, total liquidations exceeding $1 billion amid a market pullback signal a massive wipeout of bullish-aligned traders, similar to what was seen last week.
Crypto market is bleeding again!
The total cryptocurrency market drops below $3.5 trillion with a 3% loss at press time on Friday. The fourth consecutive day in decline confirms the early recovery from this week as a dead cat bounce move.
Total cryptocurrency market capitalization daily price chart.
Amid the pullback, Bitcoin is trading below $105,000 at the time of writing, which fuels a broader…
