Crypto Market Hit by $1 Billion in Liquidations in Last 24 Hours
The post Crypto Market Hit by $1 Billion in Liquidations in Last 24 Hours appeared on BitcoinEthereumNews.com.
The liquidations in the crypto market have spiked to a significant extent. As per the data from Phoenix Group, the total crypto liquidations have touched the staggering $1B mark over the past twenty-four hours. The crypto analytics firm shared insights into the overall crypto liquidations during the past 24 hours. Bitcoin and Ethereum Incur $372.87M and $201.08M in 24-Hour Liquidations Phoenix Group’s data displays a cumulative $987.80M in the total liquidations taking place in the crypto sector. Bitcoin ($BTC), the top crypto asset went through a liquidation of up to 4.45K $BTC (equaling $372.87M) over the recent 24 hours. In addition to this, Ethereum witnessed a total 96.07K $ETH in liquidations, denoting $201.08M. Simultaneously, Solana’s 24-hour liquidations have touched 443.85K $SOL, accounting for $61.07M. Apart from that, Ripple went through a liquidation of 23.98M $XRP (nearly $56.37M). Moreover, Cardano’s cumulative liquidations have reached 49.45M $ADA (almost $40.01M). Additionally, the top memecoin Dogecoin saw $89.11M $DOGE in liquidations, indicating a $17.20M overall. Moreover, Litecoin’s liquidations have attained the $12.37M mark, equalling 120.02K $LTC. Sui incurred up to 3.69M $SUI (approximately $9.01M) in liquidations. BTC/USD Sees Biggest Single Crypto Liquidation of $13.40M on Bitfinex The list of liquidations among the top crypto assets moves on to include the Trump token. It experienced up to 693.99K $TRUMP in liquidation. This figure accounts for $8.55M in value. Along with that, Kaito beheld 3.46M $KAITO tokens in liquidations, representing $5.41M. At the same time, Binance Coin and Pnut accounted for 9.38K $BNB ($5.32M) and 25.04M $PNUT ($5.06M) in liquidations. Concurrently, the biggest single liquidation over the past 24 hours was seen by the $BTC/$USD pair on Bitfinex, denotinng $13.40M. Additionally, up to 296,342 traders liquidated over the respective period. Top Exchanges Recording Liquidations over Past 24 Hours Include Bybit, Binance, and OKX According to Phoenix…
Filed under: News - @ March 5, 2025 3:27 am