The cryptocurrency market experienced a minor downturn on Tuesday, resulting in the liquidation of 51,441 future crypto traders and a total liquidation value of $116.07 million within the past 24 hours.
What Happened: Notably, long positions in Ethereum saw liquidations worth $21 million, while BTC longs saw over $20 million in liquidations.
In other news, bankrupt crypto lender Genesis successfully won a bid to block parent company Digital Currency Group (DCG) from selling or reducing its ownership of the company during Chapter 11 proceeding.
Top Gainer (24 Hour)
Cryptocurrency Gains +/- Price (Recorded 9:30 p.m. EDT) Sei (SEI) +15.98% $0.35 Helium (HNT) +10.74 $8.88 NEAR Protocol (NEAR) +10.02% $2.25
The global crypto market cap has reached $1. trillion, marking a 4.51% increase in the last 24 hours.
On Tuesday, the S&P 500 inched closer to its record high as a result of the Federal Reserve’s recent favorable stance on interest rates, which boosted the stock market. The broad market index rose by 0.59%, touching 4,768.37. With this increase, the S&P 500 is now only 0.6% away from surpassing its record close and 1% short of matching its intraday record, both ...