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  • Bitcoin Plunges Under $60K; Crypto Bulls Lose $200M as Dogecoin, Solana Tokens Drop 10%
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Bitcoin Plunges Under $60K; Crypto Bulls Lose $200M as Dogecoin, Solana Tokens Drop 10%

cryptovert August 5, 2024 1 min read

Bullish
futures
bets
lost
nearly
$200
million,
CoinGlass
data
shows,
as
more
than
97,000
traders
were
liquidated
in
the
past
24
hours
on
the
sudden
market
movements.
ETH
longs
led
losses
at
$55
million,
followed
by
bitcoin
longs
at
$43
million,
the
data
shows.

Some
traders
earlier
cautioned
of
a

possible
BTC
move
to
the
$55,000
level
,
as
reported
on
Friday,
amid
geopolitical
tensions
in
the
Middle
East
and
dampened
sentiment
for
risk
assets
such
as
technology
stocks.

Continue Reading

Previous: On-Device Proofs Solve DePIN Verification Challenges
Next: Bitcoin Tumbles to $53K, Ether Turns Negative for 2024 as Panic Grips Markets

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