Nearly $1 billion in crypto bets liquidated as bitcoin, ether and XRP slide
Ether accounted for nearly 60% of the forced closures across the two largest cryptocurrencies, falling roughly twice as much as bitcoin.
Make preferred on
Share this article
Summary
- Nearly $483 million in bitcoin and ether futures positions were liquidated over 24 hours as uncertainty about the Federal Reserve’s next interest-rate decision weighed on cryptocurrency markets.
- Ether traders bore the brunt of the sell-off, with about $286 million in liquidations as ether fell more than 6 percent to roughly $2,350.
- Bitcoin declined about 3 percent to around $81,000, while losses spread to smaller tokens including Solana, dogecoin and Zcash.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
