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Crypto Crash News: The Global digital asset market registered a free fall on Friday after the recent Silvergate Captial Corp. Fiasco. The cumulative market cap dropped by more than 4% over the past day to stand at $1.03 trillion. However, the 24-hour trading volume spiked by 21% to stand at $55.4 billion as the investors rush to move their funds in the tumbling market.
As per the data provided by CoinGlass, over 84K traders liquidated more than $251 million in the last 24 hours. The single largest liquidation order registered by the tracker has been $4.16 million. It took place on the OKX crypto exchange.
Around $200 million worth of crypto futures were liquidated within just 4 hour period while around $185 million were liquidated in just around 45 minutes.
The post Crypto Crash: Liquidation Breaches $250 Million; Bitcoin To Slide Below $22K? appeared first on CoinGape.
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