Market Update

The encryption market with a force of $ 566 million was ranked after $ 1.4 billion in penetration

the Encryption I saw a sharp contraction of $ 566 million in the ranking that was wiped within 24 hours. The main altcoins such as XRP, Solana (Sol), Dogoin (DOGE) and Shiba Inu (SHIB) decreased to red, while the maximum global Crypto market decreased by 2 % to $ 3.17 trillion. This sudden accident follows the shock 1.4 billion dollars Beet penetrationThat shook merchants and caused panic.

Bybit Hack Sparks CIFTIONS Chase

BYBIT security effects have caused large sales on the market, causing large -scale qualifiers. The data from Coinglass shows that 151,222 traders are affected, with long centers suffering from the largest losses.

  • Long positions witnessed $ 321 million in liquidation
  • The short centers constituted $ 234 million in losses
  • The biggest one -liquidation event on Binance with BTC/USDT trade worth $ 12.14 million

Bitcoin (BTC) also got a blow, as it decreased 2 % to 96,170 dollars. At the same time, Market dominance BTC 0.47 % slipped to 61.09 %. The total BTC qualifiers reached $ 133 million, indicating the extent of sales.

Altcoins suffer from greater losses

Altcoins saw more severe decreases with the intensification of the sale:

  • XRP 3 % decreased
  • Solana (Sol) decreased 3.5 %
  • DOGECOIN (DOGE) rejected 4 %
  • Cardano (ADA) got the greatest success, lost 5 %
  • Shayba Eno (Shayb) decreased 2 %

With the maximum market now at 3.17 trillion dollars, traders on the edge of the abyss, for fear of more losses.

The highest is encrypted

Despite the general shrinkage in the market, some symbols managed to stay in green:

Bitget Token (BGB):- It is the highest winner with a height of 4.7 % hovering about 5 dollars.

(MKR):- A 4 % profit recorded about $ 1513.

Ethina:- Even green with a rise in 3.41 %.

The highest losers encryption

Some symbols took great losses with the installation of market pressure:

JTO:- It is among the most losers of this day with a loss of 16.5 %.

Berarachain (bera):- Another icon stands 2nd in more than a loss with 13.6 %.

Stroy (IP):- It recorded a decrease of 12 % and trading about $ 4.40.

With fluctuations in high and security concerns, merchants remain careful. Whether the market settles or faces more losses depends on the speedy return of confidence.

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Common questions

Why did the encryption market decrease after BYBIT?

The BYBIT penetration of $ 1.4 billion sparked panic, which led to a $ 566 million liquidation, as traders rushed to exit positions, causing the market ceiling to decrease by 2 %.

How classified was Bitcoin in the collapse of the last market?

Bitcoin recorded $ 133 million in liquidation, lost 2 % of its value and fell to about 96,170 dollars.

What is the biggest filtering matter in this encryption crash?

The biggest filtering occurred on Binance, including the BTC/USDT trade worth $ 12.14 million.

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