Crypto Market Crash Triggers $1.7 Billion Liquidations

Benzinga

A sharp correction in the cryptocurrency market triggered $1.7 billion in liquidations within 24 hours, with Bitcoin falling from over $100,000 to nearly $94,000, Coinglass data shows. The selloff resulted in short and long liquidations, shrinking the overall crypto market cap by 7.5%. Speculation links the selloff to Bhutan’s Bitcoin transfers and Google’s launch of the ‘Willow’ quantum chip.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02A sharp correction in the cryptocurrency market triggered a $1.7 billion liquidations

00:07within 24 hours, with Bitcoin falling from over $100,000 to nearly $94,000.

00:13Coinglass data shows the sell-off resulted in short and long liquidations,

00:17shrinking the overall crypto market cap by 7.5%. Speculation links the sell-off to

00:23Bhutan's Bitcoin transfers and Google's launch of the Willow quantum chip.

00:27For all things money, visit Benzinga.com.

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