Crypto Market’s Nearly 6% Slide Costs Bulls $1 Billion in a Day
Crypto traders lost $1.23 billion to forced liquidations over the past 24 hours, nearly double the previous day’s total. Bets on higher prices accounted for $1.02 billion of it as the crypto market cap fell 5.75% to $2.33 trillion. Long positions made up 82.7% of the crypto liquidations, Coinglass data shows. Bitcoin…
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Cryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
More about CryptocurrencyMarket capitalisation
The total value of a listed company, calculated as its share price multiplied by the number of shares.
It is the usual way to compare the size of public companies.
More about Market capitalisationBitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinFrom the blog
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