Crypto Liquidations Near $1 Billion as Bitcoin, Ether and XRP Fall
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Nearly $1 billion in crypto positions were liquidated, with ether bearing most of the forced closures across the two largest cryptocurrencies.
A decline in bitcoin, ether and XRP coincided with nearly $1 billion in liquidated crypto positions, CoinDesk reported.
Ether represented close to 60% of forced position closures across bitcoin and ether, the two largest cryptocurrencies.
Ether also recorded the steeper price decline, dropping approximately twice as much as bitcoin in percentage terms.
Source: CoinDesk
