Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Bitcoin sinks to $ 52,000 as $ 7.6 billion in crypto-long positions are liquidated

Bitcoin sinks to $ 52,000 as $ 7.6 billion in crypto-long positions are liquidated



$ 7.6 billion in crypto-long positions were liquidated in the last hour, as the price of bitcoins dropped to $ 52,000, according to data from bybt.com.

The price of bitcoins began to fall in early Saturday, but the steep decline began around 3:00 UTC on Sunday.

The price of bitcoins has fallen by more than 10% in the last hour, from $ 58,000 to below $ 52,000, during which about $ 4.3 billion in bitcoin long positions were liquidated.

At the time of writing, the price of bitcoin has returned to about $ 55,000.

In total, $ 9.2 billion in crypto-long positions have been liquidated in the last 24 hours.

Related reading


Source link