Bitcoin suddenly fell to a low of $42,500 in the early morning of today (25), while Ethereum fell to a low of $2,245. In the past 24 hours, the total amount of liquidation in the cryptocurrency market has exceeded $160 million, with over 78,000 investors being liquidated.
Bitcoin has been oscillating between $43,400 and $44,000 over the weekend, but it suddenly dropped to $42,500 in the early morning of today (25).
As of the deadline, it is reported that the price of Bitcoin is $42,882, a decrease of 1.83% in the past 24 hours.
Ethereum’s trend is similar to Bitcoin’s, reaching a low of $2,245 in the early morning of today (25). As of the deadline, it is reported that the price of Ethereum is $2,262, a decrease of 1.65% in the past 24 hours.
According to CoinMarketCap data, SOL, BNB, and AVAX among the top ten cryptocurrencies have seen a 1-2% increase in the past 24 hours. The rest of the tokens have shown a synchronous decline with Bitcoin, with ADA experiencing the largest decrease of 3.02% in the past 24 hours.
According to Coinglass data, in the past 24 hours, the total amount of liquidation in the cryptocurrency market has exceeded $160 million, with over 78,000 investors being liquidated. Due to the sharp drop in Bitcoin in the morning, the majority of liquidations were long positions (close to 70%). Among the liquidated currencies, Bitcoin ranked first with $32.84 million, and Ethereum ranked third with $21.86 million.
Related Reports:
SEC Chairman Gary Gensler “First Response” to Bitcoin Spot ETF Review Progress! Market Expects Soaring Prices
Solana Mobile Buying Frenzy Increases 10 Times! Airdropped BONK Surpasses Saga’s Value
$BONK Listed on Coinbase, Surges Over 50% in 24 Hours! Ranks Third in Market Value Among Meme Coins
Tags:
BTC
ETH
Ethereum
Bitcoin