The Sell-off In The Cryptocurrency Market Exceeded $2 Billion In A Single Day

Cryptocurrencies are rapidly losing value.

Over the past 24 hours, the volume of liquidations in the cryptocurrency markets reached $2.058 billion. This was reported by Binance News.

In total, the positions of 329,000 traders were liquidated.

The liquidations are occurring amid a decline in the prices of major cryptocurrencies. According to the Tockenpost portal, the total market capitalization of cryptocurrencies fell by nearly 5% over 24 hours, to $2.23 trillion. Bitcoin fell by 3.12%, and Ethereum by 4.52%.

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