Major cryptocurrencies experienced a slight dip on Christmas Eve due to the decrease in trading volume expected during the holiday season.
What Happened: According to CoinGlass data, the crypto market is experiencing trouble for long traders. In the last 24 hours, a whopping $93 million of longs were liquidated, with Bitcoin longs accounting for $24 million and ETH adding up over $11 million.
In total, 65,608 traders were liquidated, resulting in $145.97 million of liquidations.
The biggest single liquidation order occurred on Bitmex, with an XBT-USD value of $6.15 million.
Great news for Christmas comes for SOL holders as Solana’s native token SOL surpasses the $100 mark. This price level has not been seen since the collapse of Luna-Terra a year and a half ago.
At the time of writing, SOL is valued at $112 a coin, making it a tenfold increase in value in 2023. Furthermore, it has surged more than 1027% in 2023 alone.
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