Bitcoin drops to $27.3k; liquidations reach almost $200M

About $200 million was liquidated from the cryptocurrency market on April 21, pushing the price of Bitcoin (BTC) down to about $27,300.

About $200 million liquidated

according to coin glassthe crypto market liquidated $191.98 million in 24 hours.

Bitcoin liquidated $63.03 million and Ethereum liquidated $54.2 million. Liquidations of other assets such as Dogecoin, Arbitrum, Chainlink, XRP, Litecoin and Solana were less than $5.5 million.

The market liquidation was mainly due to activity on Binance, OKX, Huobi and Bybit.

According to the site’s data, a total of 57,269 traders were liquidated.

Bitcoin value nears $27.3k

Bitcoin prices are also falling, according to CryptoSlate data.

BTCUSDT (Source: Tradingview)

BTC was priced at $27,269 at 9pm UTC, but had crossed $28,200 earlier in the day. Overall, Bitcoin’s price is down 3.4% in 24 hours.

Other major assets are also losing value. Ethereum (ETH) fell 4.9%, XRP fell 5.6% and Dogecoin (DOGE) fell 6.8%.

Post Bitcoin falls to $27.3k. Liquidations amounted to around $200 million and first appeared on CryptoSlate.

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