Sudden Drop In Cryptocurrencies Trigger $313 Million Liquidations, BTC Drops To $58K

Cryptocurrencies faced substantial losses in the last 24 hours. Bitcoin briefly fell to a low of $58,034, marking a 24-hour drop of 6.5%. Ethereum hit a low of $2,392, a 24-hour drop of 9.4%. The sudden downturn triggered $313 million in liquidations of leveraged crypto derivatives positions over the past 24 hours. Other top cryptocurrencies … source: https://coinpedia.org/crypto-live-news/sudden-drop-in-cryptocurrencies-trigger-313-million-liquidations-btc-drops-to-58k/