Bitcoin reached a new all-time high of $99,588 over the past weekend, but then entered a volatile downward trend. Around yesterday evening, it started a larger correction from around $98,500, reaching a low of $95,745 at midnight.
However, it has since rebounded slightly, and is currently trading at $97,559, down 1.04% in the past 24 hours.
As for Ethereum, the recent strength seems to have waned a bit, with the price reaching a low of $3,281 last night. As of the time of writing, it is trading at $3,330, down 2.84% in the past 24 hours.
Over $490 million in liquidations in the past 24 hours, with over 193,000 people liquidated
With the downward trend in Bitcoin, data from Coinglass shows that in the past 24 hours, the total amount of cryptocurrency liquidations across the network reached $495 million, with $364 million in long liquidations and $131 million in short liquidations, affecting over 193,000 people.
