Crypto Market Liquidations Top $330 Million In 24 Hours With Ethereum In The Lead
Summary
- Over $330 million in liquidations occurred in the last 24 hours, with 81.42% from short traders. - Ethereum led the liquidations, accounting for around 32% of the total figure. - Bitcoin and Ethereum prices surged, with Ethereum rising over 20% and Bitcoin maintaining gains of around 6%. - The market rally was mostly led by Ethereum, supported by Bitcoin, due to expectations for the approval of Spot Ethereum ETFs by the SEC. - Bloomberg analysts revised the approval odds for the funds from 25% to 75%, leading to a significant increase in Ethereum and Bitcoin prices.
