Bitcoin and Ethereum Tank as Crypto Liquidations Top $150 Million

Bitcoin and Ethereum Tank as Crypto Liquidations Top $150 Million

The prices of Bitcoin and Ethereum both plunged Friday morning, prompting a fresh wave of long position liquidations that pushed total crypto liquidations above $150 million over the past 24 hours, per CoinGlass.

Bitcoin dropped by more than $2,000 in an hour, falling from a price above $63,000 to a daily low of $60,890, according to CoinGecko. It has since rebounded slightly to $61,130 as of this writing, and is down more than 1% on the day.

Meanwhile, Ethereum is down by 2% over the last day, falling from $3,027 to a low of $2,927 alongside Bitcoin’s plunge. It’s up slightly since to $2,940, but still is down lower than it’s been since May 1.


Editor’s note: This story is breaking and will be updated with additional detail.


The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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