Over $200 Million Liquidated as Bitcoin Gets Rejected at $32K

Bitcoin crashed at $32,000, and all altcoins were brought south. This led to another market-wide retracement. The number of liquidated traders and liquidations soared.

Yesterday was a positive day in the cryptocurrency market. Bitcoin led the day after a surge of almost $32,000. Altcoins also saw notable gains, led by Solana, Cardano, and dropped to $29,000 in just a few hours. BTC fell by almost $3,000 and plummeted to $29,000 in just hours. This was instead of the expected trend. Coinglass data shows that the increased volatility has liquidated nearly 80,000 traders over the past 24 hours. The value of all the positions that were lost is well above $200 million.

Cryptocurrency Market Overview. Source: Quantify Crypto
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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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