Leading cryptocurrencies edged lower on Wednesday as investors reacted to the Federal Reserve's concern over inflation in the minutes from the recent policy meeting.
What Happened: Bitcoin hovered below the $70,000 market after giving hopes of shattering its all-time high earlier this week. Ethereum remained choppy in the $3,750 – $3,800 zone.
In the past 24 hours, more than 61,000 traders were liquidated, with the total liquidation surpassing $156 million. Ethereum led the pack with around $42.85 million in liquidations.
The euphoria seen earlier in the week started fading, as the Open Interest in Bitcoin Futures dropped 0.53% in the last 24 hours. A steeper decline of 2,20% was observed on ...