CandleFocus Crypto traders lost over half a billion dollars in market crash
2024-10-02
Author: Content Editor
The cryptocurrency market experienced a crash, resulting in nearly $500 million in losses for traders over the past 24 hours. The crash coincided with Iran launching a significant missile attack against Israel. Most of the liquidations were from long positions, with Bitcoin alone losing $143.48 million. Ethereum also saw significant losses. Overall, $147.44 billion in market capitalization disappeared within 12 hours. The panic selling affected not only cryptocurrencies but also the stock and commodity markets. Despite the crash, Bitcoin still had its best September performance and is currently trading at $61,110.
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