The sell-off triggered liquidations of billions of dollars of trading positions due to margin calls, across both centralized and decentralized exchanges. According to the website Bybt, about $3 billion of liquidations were recorded in the past four hours.One perspective is that the correction might help to reset cryptocurrency markets, with excessively leveraged trading positions getting shaken out.“This was a healthy event today,” Collins said.All major cryptocurrencies were in the red.Ether, the native cryptocurrency of the Ethereum blockchain, tumbled 20% to $3,138, while Cardano’s ADA token lost 23%. Uniswap’s UNI token fell 27% and XRP was down 28%.El Salvadorian President Nayib Bukele, whose push to adopt bitcoin as legal tender took effect this week, tweeted that he was “buying the dip” with “150 new coins added.“
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.