Crypto Market Liquidations Top $150 Million in an Hour as BTC Drops Below $100,000
The cryptocurrency market is enduring a significant sell-off that saw the price of the flagship cryptocurrency bitcoin (BTC) plunge more than 4% from nearly $103,000 to now stand at around $97,900.
The sell-off has affected most top digital currencies, with Ethereum’s ether losing around 7% of its value in the last 24-hour period, while XRP is down by more than 5% and Solana by more than 6%. Among the top cryptocurrencies, some of the worst affected include Avalanche (AVAX) and Chainlink (LINK), which fell more than 9% each.
The sudden market downturn has seen liquidations in the cryptocurrency space surge to over $150 million in the last hour, a significant level that helped bring 24-hour…
