IITMIND: EdTech, Finance and Crypto currencies



In recent times, the crypto market has been shaken by a surge in liquidations as Bitcoin faltered, leading to a domino effect of positions being forcefully closed. The major exchanges such as Binance took the lead in liquidations with over $200.29 million, closely followed by OKX at $91.89 million. Although other exchanges also witnessed liquidations, Although, their impact was comparatively lesser.

This downward movement has led to a surge in total liquidations, with traders losing more than $500 million within the past 24 hours. Amid the selling pressure, one whale stands out for enduring the largest single liquidation. Someone on the Bitmex exchange recorded a massive loss of around $10M in an XBTUSD swap.

The global crypto market capitalization has also slumped to $1.1T, having a total market cap volume of $47.25 Billion over the past 24 hours, which makes an 8.45% decrease. However, BTC's market dominance is currently 47.25% and is trading in the range of $26,300 - $27,500 over the last 24 hours.

>> Disclaimer Risk warning:- Cryptocurrency Investment is subject to high market risk. The information on our website is for educational purposes only. Please do your own research before investing anywhere, we will not be responsible for your investment losses.

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