SOL - Bitcoin Ethereum Dogecoin Tumble As Santa Rally Fails To Materialize: Analyst Says 'Consolidation Is Next' For King Crypto | Benzinga
Major cryptocurrencies dropped in value on Tuesday evening as the Bitcoin market experienced no significant surprise during the Christmas holiday, as the so-called “Santa rally” failed to materialize, leaving Bitcoin bulls disappointed.
What Happened: According to data from CoinGlass, in the past 24 hours, more than $200 million worth of long positions were liquidated, with Bitcoin and ETH being significant contributors.
In total, 106,755 traders were liquidated, leading to $257 million in liquidations. The biggest order liquidated was on Huobi, where the value of Solana (CRYPTO: SOL)-USDT amounted to $3.15 million.
Top Gainer (24 Hour)
Cryptocurrency Gains +/- Price (Recorded 9:30 p.m. EDT)
Sei (CRYPTO: SEI) +18.73% $0.49
Mina (CRYPTO: MINA) +18.06% $1.41
Astar (CRYPTO: ASTR) +16.20% $0.12
The global crypto market cap has reached $1.65 trillion, marking a 0.86% decrease in the last 24 ...