BTC Crashes Below $92K as Liquidations Surge Toward $900M on US–EU Trade War Escalation
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The anticipated volatility due to the latest developments on the US-EU trade war finally arrived in crypto as BTC, alongside all altcoins, plunged hard as Asian and some futures markets opened.
Somewhat expected, the liquidations are on the rise, with over $870 million wrecked in the past 24 hours. Naturally, longs are responsible for the lion’s share (nearly $790 million). The total number of liquidated traders has skyrocketed to just shy of 250,000, according to data from CoinGlass.
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BTC Crashes Below $92K as Liquidations Surge Toward $900M on US–EU Trade War Escalation
Share:
The anticipated volatility due to the latest developments on the US-EU trade war finally arrived in crypto as BTC, alongside all altcoins, plunged hard as Asian and some futures markets opened.
Somewhat expected, the liquidations are on the rise, with over $870 million wrecked in the past 24 hours. Naturally, longs are responsible for the lion’s share (nearly $790 million). The total number of liquidated traders has skyrocketed to just shy of 250,000, according to data from CoinGlass.
In This News
Share:
In This News
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Read More
Trump to Buy Bitcoin for U.S. Strategic Reserve at $60k? — Jim Cramer Claims