In the wake of a significant downturn in the cryptocurrency market, Bitcoin and Ethereum saw extensive liquidations, with the derivatives market witnessing a staggering over $1 billion in liquidations. But what separates this event from previous ones is the aftermath...
Bitcoin’s drop to $26.6K sees over $160M in realized losses Bitcoin’s drop to $26.6K sees over $160M in realized losses
Bitcoin's drop to $26,298 triggered a massive liquidation event and led to over $160 million in realized losses on-chain.
2 min read
Updated: Aug. 18, 2023 at 6:00 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
$3,189.35
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
