The last few hours have pushed the cryptocurrency markets. Bitcoin dropped to $ 53.500, while $ 100 billion in total market value was lost.
In a few solo candles, the entire market turned red and more than $ 100 billion in total market capitalization of cryptocurrencies was lost. According to Bybt data, the total liquidation in the last 24 hours is worth about $ 2 billion. The biggest single purge order was made in Huobi. This liquidation was an Ethereum position of $ 74.5 million. Almost 196 thousand traders were liquidated.
Most Bitcoin, Ethereum and Dogecoin traders have been liquidated in the last hour.
Most of the purges took place on Bybt, Huobi and Binance.
At the time of writing, Bitcoin is trading at $ 54,000, with a loss of almost $ 5,000 during the day. The rest of the market has also turned red in the past few hours.
Is the reason for the drop in bitcoin price Yellen’s statements?
This decline in the markets is thought to be caused by the recent statements of the US Treasury, Janet Yellen. Yellen used the following statements:
Interest rates may need to increase to prevent