Crypto Market Plunges, Nearly 70,000 Liquidated
Crypto Market Plunges, Nearly 70,000 LiquidatedOn August 12th, the cryptocurrency market experienced a significant decline, with multiple major coins dropping sharply in value. As of 4:30 PM, Bitcoin was trading at $58,768, down 4
Crypto Market Plunges, Nearly 70,000 Liquidated
On August 12th, the cryptocurrency market experienced a significant decline, with multiple major coins dropping sharply in value. As of 4:30 PM, Bitcoin was trading at $58,768, down 4.1%. Ethereum, Dogecoin, and SOL also fell, with respective losses of 3.5%, 5.1%, and 6.3%.
This market downturn resulted in a substantial number of investors being liquidated. In the past 24 hours, nearly 70,000 investors were liquidated, with total losses approaching $200 million. This data indicates heightened volatility in market sentiment recently, highlighting the need for investors to exercise caution and implement effective risk management strategies.
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