Bitcoin drops to $27.3k; liquidations reach almost $200M
Bitcoin was valued above $28,200 earlier in the day.
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%.