**Key Takeaways**
The cryptocurrency market experienced significant volatility recently, resulting in over $250 million worth of long positions being liquidated within a single hour. This sharp downturn forced leveraged traders to face sudden margin calls, amplifying the market decline.
In total, liquidations across the crypto market surpassed $1 billion over the past 24 hours, highlighting the intensity of the sell-off. Bitcoin, the leading cryptocurrency, nearly fell below the $100,000 mark, hitting its lowest price point since June 23.
Currently, Bitcoin is trading at approximately $101,247, reflecting a 5% decrease in the last day. This decline has brought Bitcoin’s market capitalization down to $2 trillion.
The broader cryptocurrency market also faced significant losses, dropping about 4.5% to a total market cap of $3.4 trillion. Major tokens such as Ethereum, XRP, BNB, Solana, and Dogecoin were not spared, experiencing similar downturns amid the market pullback.
Overall, the liquidation of over $1 billion in futures positions within 24 hours underscores the heightened risk and volatility currently impacting the crypto space. Traders and investors are advised to exercise caution as the market continues to adjust.
https://bitcoinethereumnews.com/crypto/crypto-market-sees-over-250m-in-long-positions-liquidated-within-an-hour/
