A Billion-Dollar Crypto Liquidation Erupts in 24 Hours, Plunging Markets and Igniting Transparency Debates
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- Over $1.08 billion in crypto liquidations in 24 hours, with ETH, XRP, ADA, and SOL among the hardest-hit assets.
- The Crypto Strategic Reserve proposal sparked controversy, with accusations of insider dumping and market manipulation.
- Coinglass calls for Binance transparency, reigniting debates on centralized exchange accountability.
The cryptocurrency market faced a large-scale sell-off, with over $1.08 billion in leveraged positions liquidated in the past 24 hours.
Traders betting on price increases lost nearly $498 million, while those in short positions accounted for $583.93 million. Ethereum (ETH), XRP, Cardano (ADA), and Solana (SOL) saw significant liquidations, rattling many crypto investors.
Major Liquidations Across Top Cryptocurrencies
Data shows Bitcoin (BTC) led the liquidation wave with $415.11 million wiped out, followed by Ethereum at $190.82 million. XRP posted $96.50 million in liquidations, ADA $86.91 million, while SOL trailed closely with $86.76 million.
Notably, Binance accounted for the largest single liquidation event, where a BTC/USDT trade valued at $15.49 million was erased.
Crypto Strategic Reserve Sparks Debate
Thi…
The post A Billion-Dollar Crypto Liquidation Erupts in 24 Hours, Plunging Markets and Igniting Transparency Debates appeared first on Coin Edition.
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$ 85.83K
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$ 2.94K
-4.98%
$ 1.89
-4.86%
$ 0.382
-4.04%
$ 1.00003
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In This News
Coins
$ 85.83K
-3.50%$ 2.94K
-4.98%$ 1.89
-4.86%$ 0.382
-4.04%$ 1.00003
-0.01%Share:
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A Billion-Dollar Crypto Liquidation Erupts in 24 Hours, Plunging Markets and Igniting Transparency Debates
Share:
- Over $1.08 billion in crypto liquidations in 24 hours, with ETH, XRP, ADA, and SOL among the hardest-hit assets.
- The Crypto Strategic Reserve proposal sparked controversy, with accusations of insider dumping and market manipulation.
- Coinglass calls for Binance transparency, reigniting debates on centralized exchange accountability.
The cryptocurrency market faced a large-scale sell-off, with over $1.08 billion in leveraged positions liquidated in the past 24 hours.
Traders betting on price increases lost nearly $498 million, while those in short positions accounted for $583.93 million. Ethereum (ETH), XRP, Cardano (ADA), and Solana (SOL) saw significant liquidations, rattling many crypto investors.
Major Liquidations Across Top Cryptocurrencies
Data shows Bitcoin (BTC) led the liquidation wave with $415.11 million wiped out, followed by Ethereum at $190.82 million. XRP posted $96.50 million in liquidations, ADA $86.91 million, while SOL trailed closely with $86.76 million.
Notably, Binance accounted for the largest single liquidation event, where a BTC/USDT trade valued at $15.49 million was erased.
Crypto Strategic Reserve Sparks Debate
Thi…
The post A Billion-Dollar Crypto Liquidation Erupts in 24 Hours, Plunging Markets and Igniting Transparency Debates appeared first on Coin Edition.
In This News
Coins
$ 85.83K
-3.50%$ 2.94K
-4.98%$ 1.89
-4.86%$ 0.382
-4.04%$ 1.00003
-0.01%Share:
In This News
Coins
$ 85.83K
-3.50%$ 2.94K
-4.98%$ 1.89
-4.86%$ 0.382
-4.04%$ 1.00003
-0.01%Share:
Read More
Top Three Crypto Stocks to Watch Ahead of US CPI This Week