$400M in Liquidations as Ethereum (ETH) Slumps to 2-Month Lows
Ethereum$400M sa Liquidations habang Bumababa ang Ethereum (ETH) sa 2-Buwan na Mababang09 / 18 / 2022Balita ng Ethereum ng Bitcoin The total value of liquidated positions on a 24-hour scale is on the rise again, touching $400 million. This comes as the entire crypto market has turned red, with ETH leading the way following a violent 10% daily drop. The price of Ethereum was already struggling following the long-anticipated Pagsamahin, as it seems Mark Cubans hula of being a sell-the-news event came to fruition. The asset traded around $1,600 last Thursday when the Merge sa wakas naganap but began to freefall hours later. It entered the weekend at around $1,450, but the past 12 hours brought a lot of pain to the bulls as ETH slumped below $1,300 for the first time since mid-July. The rest of the market is in no better shape. Bitcoin spiked to just over $20,000 yesterday, but the primary crypto has taken a big hit as well and now struggles beneath $19,000. Cardano, Polkadot, Shiba Inu, and Polygon have also dumped by up to 10% from the larger-cap altcoins. The lower- and mid-cap alts suffer badly as well, with Uniswap, NEAR, Litecoin, and Chainlink charting double-digit losses. The overall crypto market cap is down