Posted 12/12/2023, 2:22:00 AM
Crypto Market Turbulence Leads to Over $500M in Liquidations As Bitcoin and Top Altcoins Plunge
- Crypto futures traders lost over $500M in liquidations as Bitcoin and Ether prices dropped significantly
- Bitcoin price whipsawed from $43K to $40.3K, leading to drops in Chainlink, Cardano, Solana, etc.
- Meme tokens like Shiba Inu and Dogecoin fared better, only dropping about 5%
- BNB, Avalanche, and Celestia bucked the downward trend, posting gains up to 20%
- Some analysts remain bullish on Bitcoin long-term, citing growth in developers and potential ETF approvals