Source: CryptoNewsNet
Original Title: Crypto markets experience $864M in liquidations in 24 hours
Original Link:
Crypto markets experienced sharp volatility in the last 24 hours, with liquidations exceeding $864 million.
The event impacted more than 241,000 traders, with long positions bearing the brunt of the losses. Long positions absorbed the majority of the damage, totaling about $782 million.
The total crypto market capitalization slid nearly 3% to around $3.2 trillion.
Bitcoin fell from above $95,000 to near $92,000, leading to liquidation losses of $229 million. Ethereum followed with $153 million in liquidations. The largest single loss was a $25.8 million BTC-USDT position on Hyperliquid.
The crypto market declined into the new week as geopolitical tensions rose following tariff threats on key allies over territorial disputes. The plan includes a 10% tariff effective in February, which will escalate to 25% in June if negotiations fail.
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Crypto Markets Experience $864M in Liquidations in 24 Hours
Source: CryptoNewsNet Original Title: Crypto markets experience $864M in liquidations in 24 hours Original Link: Crypto markets experienced sharp volatility in the last 24 hours, with liquidations exceeding $864 million.
The event impacted more than 241,000 traders, with long positions bearing the brunt of the losses. Long positions absorbed the majority of the damage, totaling about $782 million.
The total crypto market capitalization slid nearly 3% to around $3.2 trillion.
Bitcoin fell from above $95,000 to near $92,000, leading to liquidation losses of $229 million. Ethereum followed with $153 million in liquidations. The largest single loss was a $25.8 million BTC-USDT position on Hyperliquid.
The crypto market declined into the new week as geopolitical tensions rose following tariff threats on key allies over territorial disputes. The plan includes a 10% tariff effective in February, which will escalate to 25% in June if negotiations fail.