25.7.2024 | Bitcoin Dips Below $64,500, Ethereum Drops 7% and Risks Losing $3,200, and Over 62,000 People Burn Their Accounts

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After Bitcoin peaked at $67,000 last night at 10 p.m., perhaps due to a decline in US stocks or Mt. Gox continues to pay off debt, BTC continues to fluctuate and decrease. At the time of writing, it is currently trading at $64,394, down 2.21% over the past 24 hours.

Ethereum once dropped to $3,200

Ethereum's decline is even more severe. At the time of writing, it reached $3,210 and is down more than 7% in the past 24 hours, currently trading at $3,254.

Performance of the top 10 Token

The other top ten Token had varying gains and losses. The biggest gainer was XRP, up 2.45% over the past 24 hours; BNB, TON and Doge have dropped around 1 to 2% respectively, which is rare compared to the volatility of BTC and ETH.

The entire network has liquidated 220 million USD in the past 24 hours

According to data from Coinglass, in the past 24 hours, the total cryptocurrency liquidation across the network was about 220 million USD, and more than 62,000 were liquidated (of which Longing positions accounted for nearly 200 million USD ).

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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