Traders lost almost $1,000,000,000 per day due to the collapse of the crypto market

Another collapse of the cryptocurrency market made traders poorer by about $1,000,000,000.

What is known

We wrote that the course bitcoin fell below $25,000 for the first time in a year and a half. At the time of writing this article, the price of the cryptocurrency had already broken through $24,000. Because of this, traders lost $400 in just a day 000 000.

Ethereum now worth just over $1200, but during the day for the first time since January last year, the rate fell to $1100. Transactions with this cryptocurrency accounted for slightly less losses - $358 000 000.

As you understand, traders only ETH and BTC lost about $758,000,000 in 24 hours. Total losses amounted to $945 000 000. In total, 253,000 positions were forcibly closed during the day. The liquidation of Bybit - $4,000,000 paired with Bitcoin.

Source: CoinGlass