Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

Benzinga

Business

Samyuktha Sriram

$760M Liquidated From Crypto Markets As Bitcoin Reclaims $30,000 Level

Crypto Bitcoin Ethereum

Over 230,000 crypto traders saw liquidations worth $760 million over the last 24 hours.

What Happened: Bitcoin (CRYPTO: BTC) rose 10% over the last day to $30,400, as per data from Benzinga Pro. Ethereum (CRYPTO: ETH) was up 7.7%, trading above $2,000.

See Also: Bitcoin, Ethereum, Dogecoin Just Under Key Levels After Crypto Crash — Analyst Says Investors Vulnerable To 'One Last Plunge'

As the cryptocurrency market staged a recovery, major altcoins saw double-digit gains. Dogecoin (CRYPTO: DOGE) was up 20% and trading at $0.09, while Cardano (CRYPTO: ADA) and Avalanche (CRYPTO: AVAX) gained 22% and 16%, respectively.

The trend reversal proved unforgiving for traders that attempted to bet on a continued downtrend. According to data from Coinglass, Bitcoin saw $283 million worth of liquidations and Ethereum saw $130 million worth of liquidations.

Terra (CRYPTO: LUNA), the troubled sister token of the collapsed stablecoin TerraUSD (CRYPTO: UST), saw $37 million in liquidations over 24 hours.

ApeCoin (CRYPTO: APE) and Solana (CRYPTO: SOL) both saw over $14 million liquidated respectively, while DOGE saw $5.86 million liquidated.

Data shows that there was a near-even split in terms of long and short positions that were liquidated. Long traders lost $390 million and short traders lost $370 million.

Sign up to read this article

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Smoking could cause almost 300,000 cancer cases by 2029, charity says

Smoking could cause almost 300,000 cancer cases by 2029, charity says

Cancer Research UK estimates there were nearly 160 cancer cases attributed to smoking diagnosed in the UK every day in 2023.

The Independent UK

UK spies to counter Russian cyber warfare threat with new AI security lab

UK spies to counter Russian cyber warfare threat with new AI security lab

Pat McFadden said Britain and its Nato allies are combatting Russian attacks both publicly and ‘behind the scenes’.

The Independent UK

Repeat A&E patients can account for almost one in seven visits

Repeat A&E patients can account for almost one in seven visits

Researchers examined ‘frequent attenders’ in a new study.

The Independent UK

Bar staff to be trained to deal with spiking as PM demands joint action on VAWG

Bar staff to be trained to deal with spiking as PM demands joint action on VAWG

Workers in the night-time economy will be instructed on how to prevent cases, support victims and help ‘collect evidence’ by spring next year.

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Briton reportedly captured by Russian forces while fighting for Ukraine

Briton reportedly captured by Russian forces while fighting for Ukraine

Man identifies himself in unverified video as James Scott Rhys Anderson, 22, and says he joined the International Legion

The Guardian - UK

Sarah McBride says Republican attack on trans rights is ‘attempt to misdirect’ voters

Sarah McBride says Republican attack on trans rights is ‘attempt to misdirect’ voters

First openly transgender person elected to Congress also hits back against bathroom restrictions for trans people

The Guardian - US

Related Stories

Top stories on inkl right now

Smoking could cause almost 300,000 cancer cases by 2029, charity says

Smoking could cause almost 300,000 cancer cases by 2029, charity says

Cancer Research UK estimates there were nearly 160 cancer cases attributed to smoking diagnosed in the UK every day in 2023.

The Independent UK

UK spies to counter Russian cyber warfare threat with new AI security lab

UK spies to counter Russian cyber warfare threat with new AI security lab

Pat McFadden said Britain and its Nato allies are combatting Russian attacks both publicly and ‘behind the scenes’.

The Independent UK

Repeat A&E patients can account for almost one in seven visits

Repeat A&E patients can account for almost one in seven visits

Researchers examined ‘frequent attenders’ in a new study.

The Independent UK

Bar staff to be trained to deal with spiking as PM demands joint action on VAWG

Bar staff to be trained to deal with spiking as PM demands joint action on VAWG

Workers in the night-time economy will be instructed on how to prevent cases, support victims and help ‘collect evidence’ by spring next year.

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Briton reportedly captured by Russian forces while fighting for Ukraine

Briton reportedly captured by Russian forces while fighting for Ukraine

Man identifies himself in unverified video as James Scott Rhys Anderson, 22, and says he joined the International Legion

The Guardian - UK

Sarah McBride says Republican attack on trans rights is ‘attempt to misdirect’ voters

Sarah McBride says Republican attack on trans rights is ‘attempt to misdirect’ voters

First openly transgender person elected to Congress also hits back against bathroom restrictions for trans people

The Guardian - US

Our Picks

Keira Knightley Revisits "Trauma" of Being Accused of Having an Eating Disorder

"I'll suddenly have a very bodily memory of it because, ultimately, it's public shaming."

Keira Knightley recalls ‘public shaming’ she felt amid claims she had an eating disorder

‘It’s obviously part of my psyche, given how young I was,’ she recalls about the eating disorder claims

The Independent UK

The Simpsons: Hit & Run dev says they could've made 3 sequels without paying a penny for the license: "Some crazy person at the publisher - we never found out who - said no"

"We never imagined it would still be bringing some people happiness 20 years later!"

Wrestler, film star – and future president? Why we should all take Dwayne ‘The Rock’ Johnson seriously

The WWE icon, already one of Hollywood’s highest-paid film stars, has shown himself to be ‘focus group-proof’

The Guardian - UK

Eating this fruit before bed can help you sleep better – but expert opinions are divided

TikTok strikes again with its avocado sleep hack – but does it actually work?

Cher was ‘shocked’ to discover her legal name after birth certificate mix-up

Pop icon had gone for years without knowing what was written on her birth certificate

The Independent UK

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play