Bitcoin (BTC) Price Slips Below $54K, Triggering Almost $700 Million in Liquidations

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The market crash led to $670 million in liquidations, with the largest liquidated order happening on crypto exchange Binance.The impending repayments of creditors of the now defunct crypto exchange Mt. Gox and the confusion surrounding the US Presidential elections Bitcoin trades accounted for around 35% of the share, while Ethereum ranked second.

Leading altcoins, such as Solana , Dogecoin , Ripple , Shiba Inu , and many more, are also well in the red, contributing to the massive liquidations.Best AI Crypto Coins in 2024: Top 9 Projects to WatchSign-up FREE to receive our extended weekly market update and coin analysis report Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.

 

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