Liquidations hit $50 million in an hour as Bitcoin slid 3% to $58.5k
Ethereum and Solana echoed Bitcoin's movements, with both giving up the previous day's gains within the last few hours.

Latest on Litecoin’s market performance, upgrades, and its role as digital silver in crypto.
The institutional crypto exchange made waves with its launch in June and is expanding its business with the new partnership.
Litecoin's third halving looms as 'digital silver' balances anticipation and uncertainty
A fork of the original Bitcoin network, Litecoin never gained the same reputation as a hot investment as its predecessor. But, having survived several bear cycles, crypto's "digital silver" is drawing investor attention.
Litecoin, one of the oldest coins in the cryptocurrency ecosystem, has received a sharp boost in price, though the immediate causes are unclear.
Atomic Wallet users' total losses were reported at over $35 million - the biggest single loss was $7.95 million.
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.