Massive Liquidations Hit Crypto Market Amid Bitcoin and Altcoin Surge
- The cryptocurrency market experienced $971 million in liquidations over the past day.
- Bitcoin’s price surged to $95,000 before pulling back to $92,800.
- Ethereum saw a rise from $2,550 to $2,360 after a similar pullback.
- XRP, SOL, and ADA recorded rallies of 17%, 13%, and 48%, respectively.
- $558 million of liquidations were from short investors, accounting for over 57% of the total.
The announcement of a Crypto Strategic Reserve by Donald Trump sparked a significant recovery in Bitcoin and altcoins, leading to substantial market volatility and resulting in nearly $1 billion in liquidations. Bitcoin and Ethereum led with the highest liquidation figures at $353 million and $182 million respectively.
Source (2.6)https://www.newsbtc.com/bitcoin-news/crypto-liquidations-1-billion-bitcoin-altcoins/?rand=52377
