Crypto liquidations creep toward $500 million as major token prices plunge

Top cryptocurrencies saw a sudden price downturn Friday afternoon as total liquidations edged toward half a billion within an hour.

Total cryptocurrency liquidations hit $466.5 million from about 2:00 p.m. ET to 3:00 p.m. ET Friday, according to the crypto liquidations tracker CoinGlass. Of this, long liquidations hit $417.7 million and short liquidations reached $50.6 million. Major token prices fell during the past hour in what many are calling a "flash crash." Bitcoin's price fell from about $68,116 to $66,400 in that time frame as well, a 2.5% drop. The largest cryptocurrency by market capitalization is down 5.3% over the past 24 hours.

The token price of Solana also fell about 8.5% from $166 to $152 recently. Its 24-hour change was a negative 13.25%, according to The Block's prices.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin & Bitcoin Cash Among Top Crypto Gainers as Crypto Prices Pump: What About Green Bitcoin?Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Bitcoin (BTC) Collapses to $60K as ETFs Bleed $500 MillionBitcoin (BTC) is now on the verge of collapsing below the $60,000 level
Source: Utoday_en - 🏆 295. / 63 Read more »

MicroStrategy Announces Another $500 Million Note Sale To Buy BitcoinCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Crypto for Advisors: Beyond Bitcoin, Crypto IndicesSarah Morton is Chief Strategy Officer and Co-founder of MeetAmi Innovations Inc.
Source: CoinDesk - 🏆 291. / 63 Read more »