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Tue, Feb 23, 2021 11:27 AM by CoinGape

Crypto Market Price Crash Leads to Liquidation of $1.1 Billion Worth of Leveraged Positions in 1 Hour

The cryptocurrency market registered a 20%+ collective drop in market cap over the past couple of hours where Bitcoin registered its weekly low of 45,478 and Ethereum fell below $1,400 for the first time in weeks. The sharp price fall of major cryptocurrencies led to the liquidation of nearly $6 billion in leveraged positions in The post Crypto Market Price Crash Leads to Liquidation of $1.1 Billion Worth of Leveraged Positions in 1 Hour appeared first on Coingape.

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