ALBAWABA - In a socking data emerging from Crypto websites, traders of Cryptocurrencies have been liquidated in the last 24 hours, with the total liquidations at over $1 billion.
According to Watcher Guru, $1.04 billion was liquidated from the cryptocurrency market in only one day.
Today, Bitcoin, the digital cryptocurrency, recorded a massive decrease to $55,400. This decline is the worst since the FTX Bankruptcy in 2022, Bitcoin is undergoing great pressure and risks in global markets.
The digital cryptocurrency fell 6.3% to $55,414 today after declining 13.1% in the past seven days. This decline is marked the biggest since FTX Bankruptcy in 2022, Ether and Dogecoin cryptocurrencies also suffered great losses.
According to Bloomberg, Bitcoin exchange funds had big outflows on the first of August and its digital assets declined for 200 consecutive days.
