Crypto Market Tumbles As $180M In Positions Liquidated Within An Hour

Source: International Business Times

Global crypto liquidations approached $190 million in one hour, with Ethereum accounting for more than $84 million of the total and Bitcoin contributing about $44 million. Getty Images The cryptocurrency market suffered another sharp bout of volatility, with roughly $180 million in leveraged positions wiped out within a single hour as prices across major digital assets moved lower and triggered a cascade of forced liquidations. The selloff hit both long and short traders, although long positions accounted for the vast majority of losses.