The crypto market crashed on Saturday, with the global market cap dropping 5% to $1.05 trillion in the past 24 hours. The total liquidation comes in at $350 million over the last 24hrs as over 170,000 traders were liquidated. The largest single liquidation happened on the crypto exchange OKX, with ETH-USD-SWAP valued at $2.18 million.
Bitcoin price tumbles 5%, with major downfall coming within just 2 hours. BTC price fell to a 24-hour low of $25,500. Bitcoin currently trades near $25600, with a high probability of falling below the $25k level.
Ethereum price fell 4%, with the 24-hour low and high of $1765 and $1854. ETH price currently trades below $1750. The selling pressure continues to mount with increasing trading volumes.
Altcoins such as Filecoin, Polygon, Cardano, Solana, Chiliz, Sandbox, Decentraland, Axie Infinity, and others fell more than 20%. Shiba Inu (SHIB) lead the crypto market crash, falling 30% in the last 24 hours. Some buying from the dip is also recorded.
