Crypto Markets Dump $140B as Bitcoin Tanked 7% Toward $65K 

Crypto markets have dumped 4.9% or a whopping $140 billion over the past 24 hours, sending total capitalization to $2.37 trillion, its lowest level since early April.

Over the past 24 hours, 265,000 traders were wrecked, and the total liquidations were a whopping $1.63 billion, according to Coinglass. Around 89% of those were long positions, predominantly in Bitcoin and Ethereum.