The cryptography market took a hit because $ 566 million was liquidated in one day. The main altcoins like XRP, Solana (Sol), Dogecoin (Doge) and Shiba Inu (Shib) have all plunged in red. The global market capitalization of cryptography has also dropped by 2% now to 3.17 Billions of Billions. This chaos comes in response to the hacking of a challenge of $ 1.4 billion that rocked the world of cryptography.
The liquidation of cryptography has led to $ 566 million
Following the violation of the appeal, the cryptography market experienced a sharp decline, which led to liquidations worth $ 566 million in just 24 hours. According to Coinglass data, 151,222 merchants have been affected, the long positions taking the greatest success.
Meanwhile, long commercial positions for $ 321 million in losses, while the open positions saw 234 million dollars liquidated. The largest liquidation order occurred in Binance, involving BTC / USDT trade worth $ 12.14 million.
Bitcoin and Altcoins face a sales pressure
Bitcoin (BTC) also felt the pressure, losing 2% of its value in one day and falling at $ 96,170. Meanwhile, the domination of the Bitcoin market decreased slightly by 0.47%, regulating 61.09%.
Coinglass data revealed that BTC alone recorded $ 133 million in liquidations, highlighting the intensity of the sale.
However, altcoins have undergone even greater losses because XRP fell 3%, Solana (soil) dropped by 3.5%and Dogecoin (DOGE) experienced a drop of 4%. Cardano (ADA) experienced the largest decrease to 5%, while Shiba Inu (Shib) slipped by 2%.
The global cryptography market has lost 2% of its value, bringing total market capitalization to 3.17 billions of dollars, reflecting panic among traders.
Cryptography Top Gain
Bitget Token (BGB): – is the highest winner with an increase of 4.7% by oscribing around $ 5.
Maker (MKR): – recorded a gain of 4% of exchanges of around $ 1513.
Ethena (ENA): – is even green with an increase of 3.41%.
Best Crypto losers
Jito (JTO): – is among the most losing of the day with a loss of 16.5%.
Berachain (Bera): – Another 2nd standing token at a loss with 13.6%.
Stroy (IP): – recorded a decrease of 12% and negotiating about $ 4.40.
