Crypto Market Liquidates $713.90 Million Within A Day

Top Crypto Token suffers a major dip

Crypto market traders witnessed $713.9 million in liquidations in the last 24 hours.

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Crypto market is facing a massive downturn with a global crypto market cap at $905.57B, a 7.87% decrease over the last day.

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With this, BTC has liquated around $232.85 million which is equivalent to 12.79K BTC.

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Following this, ETH has liquated around $174.98 million which is equivalent to 137.50K ETH.

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After Binance announced its plan to acquire FTX, the market is into a frenzy as traders try to understand what it means for cryptocurrencies.

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Earlier, Binance had announced to liquidate $500 million worth of FTT, which caused the price of FTT to tumble over 30%.

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At the press time, FTT price is $4.71 USD and is down 74.33% in the last 24 hours.

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