Major cryptocurrencies experienced a decline on Wednesday evening, with crypto longs facing liquidations totaling $155 million in the past 24 hours.
What Happened: In the last 24 hours, data from CoinGlass shows that a total of 82,059 traders faced liquidation, resulting in a combined liquidation of $205.24 million. The most significant liquidation event occurred on Bitmex, involving an ADA-USD value of $1.58 million.
In a single day, Bitcoin longs worth $27 million faced liquidation, while Ethereum longs worth $32 million were also liquidated.
Top Gainer (24 Hour)
The global cryptocurrency market cap now stands at $1.94 trillion, showing a 2.03% decrease in the past 24 hours.
The Nasdaq Composite declined for the third consecutive session on Wednesday as traders anticipated Nvidia’s quarterly earnings report. The Dow Jones Industrial Average rose by 48.44 points, settling at 38,612.24, marking a 0.13% increase. Similarly, the S&P 500 experienced a 0.13% gain, concluding at 4,981.80. In contrast, the tech-heavy Nasdaq Composite retreated by 0.32%, closing at 15,580.87.
The Federal Reserve’s January meeting minutes, released on Wednesday, revealed that despite the recent stronger economic data, central bankers are not inclined to ...