Bitcoin drops to $27.3k; liquidations reach almost $200M Bitcoin drops to $27.3k; liquidations reach almost $200M
Bitcoin was valued above $28,200 earlier in the day.
1 min read
Updated: Apr. 21, 2023 at 10:08 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The price of Bitcoin (BTC) fell to about $27,300 as almost $200 million was liquidated from the cryptocurrency market on April 21.
Nearly $200 million liquidated
According to Coinglass, the crypto market saw $191.98 million liquidated over 24 hours.
Bitcoin saw $63.03 million liquidated, while Ethereum saw $54.20 million liquidated. Other assets such as Dogecoin, Arbitrum, Chainlink, XRP, Litecoin, and Solana experienced less than $5.5 million in liquidations.
Market liquidations primarily came from activity on Binance, OKX, Huobi, and Bybit.
A total of 57,269 traders were liquidated, according to site data.
Bitcoin’s value closes in on $27.3k
The price of Bitcoin is also down, based on CryptoSlate data.
BTC was priced at $27,269 as of 9 p.m. UTC but was valued above $28,200 earlier in the day. In all, the price of Bitcoin is down 3.4% over 24 hours.
Other leading assets have also lost value. Ethereum (ETH) is down 4.9% and XRP is down 5.6%, while Dogecoin (DOGE) is down 6.8%.
Posted In: Analysis, Bear Market
Author 
Mike Dalton
Before transitioning to crypto writing in 2018, Mike studied library and information sciences. Currently, he resides on Canada's West Coast.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.