Crypto Market Sees $2B Liquidation Wave as Bitcoin and Ethereum Break Support

The cryptocurrency market experienced a significant wave of liquidations amounting to approximately $2 billion, primarily driven by the recent decline in the prices of major digital assets like Bitcoin and Ethereum, which have both breached critical support levels. This sudden downturn has led to many traders and investors being unable to maintain their leveraged positions, resulting in forced sell-offs and a sharp decrease in market confidence. As Bitcoin and Ethereum struggle to hold onto their value amidst this turmoil, the broader cryptocurrency landscape faces increased volatility and uncertainty, prompting market participants to reassess their investment strategies in light of these developments. source: https://blocknews.com/crypto-market-sees-2b-liquidation-wave-as-bitcoin-and-ethereum-break-support/