CandleFocus Crypto Liquidations Reach $1.1B, Bitcoin, Ether, XRP Crash!
2024-12-20
Author: Content Editor
The crypto market experienced a significant liquidation event due to a sharp downturn in Bitcoin's price. Over 377 traders were severely impacted, emphasizing the risks of over-leveraged positions. In the past 24 hours, crypto liquidations reached over $1 billion, with Bitcoin accounting for $249.20 million. Ethereum also faced significant selloffs, totaling $211.95 million. Ripple's XRP, Solana, Dogecoin, and Cardano were also affected. The decline in the market coincided with the Federal Reserve's interest rate reduction announcement, which led to market uncertainty and amplified selloffs.
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