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$185 Million in Liquidations as Bitcoin Falls Under $20K

Summary:
Bitcoin is once again back below ,000 after briefly surging above the price level last week.  The primary cryptocurrency traded at roughly ,200 at 17:30 UST on Wednesday, before quickly declining to about ,600 an hour later. It trades for ,957 at the time of writing, unable to break back above k. According to CoinGlass, about million have been wiped from the crypto markets in liquidations over the past 4 hours, adding to 5 million over the past 24 hours.  This still doesn’t compete with last week’s liquidation numbers, when 0 million evaporated as Bitcoin descended under K.  Meanwhile, Ethereum appears to be clinging to the 00 mark. Its market cap is currently over half that of BItcoin’s.  Over the past day, the largest single liquidation

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Bitcoin is once again back below $20,000 after briefly surging above the price level last week. 

  • The primary cryptocurrency traded at roughly $20,200 at 17:30 UST on Wednesday, before quickly declining to about $19,600 an hour later. It trades for $19,957 at the time of writing, unable to break back above $20k.
  • According to CoinGlass, about $51 million have been wiped from the crypto markets in liquidations over the past 4 hours, adding to $185 million over the past 24 hours. 
  • This still doesn’t compete with last week’s liquidation numbers, when $350 million evaporated as Bitcoin descended under $19K. 
  • Meanwhile, Ethereum appears to be clinging to the $1600 mark. Its market cap is currently over half that of BItcoin’s. 
  • Over the past day, the largest single liquidation happened on Binance, for an ETH-USDT trade worth $4.25 million. 
Bitcoin/ USD. Source: TradingView

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