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After $1 billion liquidations on crypto’s ‘Black Monday,’ selling wanes ahead of FOMC

After $1 billion liquidations on crypto’s ‘Black Monday,’ selling wanes ahead of FOMC

Cryptocurrency sell-offs continued through Tuesday morning, with drawdowns waning after the sector’s “Black Monday” saw over $1 billion in crypto derivatives liquidated over a 24 hour period according to data from Coinglass. Overall, the total crypto market cap has lost more than two-thirds of its value since peaking in November, according to Coinmarketcap, falling from $3 trillion at its apex to $952 billion as of Tuesday 11 am New York time. After briefly dipping to $20,950 per unit… Source link

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