Why is crypto crashing: Why is Crypto market crashing today? What’s driving Bitcoin and Ethereum down?
Crypto crash today: Crypto markets took a sharp dive today, leaving traders rattled and asking the big question, “Why is crypto crashing?“
Why Bitcoin Is Crashing Today?
Bitcoin dropped below $113,000 and is now trading at $112,660, dragging the total market cap down to $3.9 trillion, as per a report. The selloff has hit traders hard. According to Coinglass, more than 402,000 traders were liquidated in the last 24 hours, erasing $1.7 billion in positions. Longs took the biggest hit, losing $1.62 billion, while shorts were down just $85.8 million, as per the report.
ALSO READ: $1.5 billion liquidated in Crypto market’s biggest selloff since March, Ether and Bitcoin fall
