Comment on Crypto markets hit by $205M liquidations amid Bitcoin sell-off

Crypto markets hit by $205M liquidations amid Bitcoin sell-off

Bitcoin (BTC) and Ethereum (ETH) experienced price declines as the broader cryptocurrency market saw significant liquidations. CoinGlass data indicates that over the last 24 hours before press time, the cryptocurrency market saw $463 million worth of liquidations. Bitcoin’s today’s fall to under $93,000 is primarily attributed to macroeconomic woes, with market participants fearing that prolonged inflation is likely. This seems a continuation of a recent trend.

 

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