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International Business Times

Business

Marvie Basilan

Crypto Bloodbath 2.0? Bitcoin, Other Top Coins Plunge, Triggering Over $320M In Liquidations

Bitcoin Crypto CoinGecko CoinGlass Binance Ethereum Telegram

Crypto prices were down Tuesday night through early Wednesday, triggering hundreds of millions in liquidations. (Credit: Bybit/flicker.com)

KEY POINTS

Ethereum liquidations topped $102 million Tuesday, while Bitcoin traders liquidated over $96 million
The largest single liquidation order occurred on the Binance exchange, at $12.67 million
Solana, XRP and other top cryptocurrencies also bled overnight

The cryptocurrency market saw another bloodbath Tuesday as the majority of the top digital assets by market value plummeted. The red wave that blanketed the industry triggered over $320 million in liquidations in the last 24 hours, most of them long positions.

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