Nearly $1 Billion in Crypto Liquidations Hit as Bitcoin Jumps 4.6%
Crypto liquidations reached $974.80 million in 24 hours as the market climbed. Most of the losses fell on traders who had bet on further declines, Coinglass data shows. Bitcoin’s (BTC) price rose 4.64% over 24 hours to $80,480, according to BeInCrypto Markets. The cryptocurrency now sits just above $80,000, a level it…
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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 CryptocurrencyBitcoin
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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