According to CoinGlass, over $100 million of cryptocurrency has been sold in the previous 12 hours as Bitcoin and altcoins lost previous gains in response to the Fed’s decision. At press time, Bitcoin fell to a low of $35,530 before recovering somewhat to trade at $36,396. Several cryptocurrencies, particularly those in the top 100, were losing between 3% and 5% at the time of publication.
Cardano (ADA), Theta (THETA), Helium (HNT), and Theta Fuel (TFUEL) were exceptions, as they were perceived to have increasing value at the time of publication. Traders lost $37.46 million on Bitcoin liquidations in the previous 12 hours, while Ethereum liquidations cost $29.96 million. 96,903 dealers have been liquidated in the last 24 hours. Bybit received the largest single liquidation order.
Bitcoin, along with the bulk of altcoins, previously reached a high of $38,960 on January 27. Dogecoin performed admirably, helped in part by Elon Musk’s tweet advocating McDonald’s adoption.
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