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The prices of Bitcoin and Ethereum both plunged Friday morning, prompting a fresh wave of long position liquidations that pushed total crypto liquidations above $150 million over the past 24 hours, per CoinGlass.
Bitcoin dropped by more than $2,000 in an hour, falling from a price above $63,000 to a daily low of $60,890, according to CoinGecko. It has since rebounded slightly to $61,130 as of this writing, and is down more than 1% on the day.
Meanwhile, Ethereum is down by 2% over the last day, falling from $3,027 to a low of $2,927 alongside Bitcoin’s plunge. It’s up slightly since to $2,940, but still is down lower than it’s been since May 1.
Editor’s note: This story is breaking and will be updated with additional detail.
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The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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Source: https://decrypt.co/230199/bitcoin-and-ethereum-tank-as-crypto-liquidations-top-150-million
