CandleFocus Crypto crash triggers $1 billion in leveraged liquidations over past 24 hours
2024-12-20
Author: Content Editor
Crypto assets experienced a significant sell-off, resulting in leveraged liquidations of $1 billion. Long positions accounted for the majority of losses, totaling approximately $878 million. Bitcoin, along with other cryptocurrencies, declined in value, with the total crypto market cap dipping 9.5% to $3.4 trillion. The sell-off may be attributed to the Federal Reserve's unexpectedly hawkish messages and uncertainties in the economy. Despite the sell-off, Bitcoin has still gained around 130% this year. Traders view the pullback as a healthy correction, and the Crypto Fear and Greed Index indicates a sentiment of greed among investors.
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