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Crypto Market Records $1B Liquidation Following Bitcoin's ATH Rally
Gate News bot message, the cryptocurrency market experienced a 2.5% decline following Bitcoin’s all-time high rally, resulting in approximately $1 billion in liquidations, with $813 million specifically in long positions.
The market correction saw major cryptocurrencies decline, with Bitcoin trading at $118,993 (-2.28%) and Ethereum at $4,637 (-2.31%). Alternative cryptocurrencies registered losses between 3-5%, with meme-based tokens showing the largest declines.
The total cryptocurrency market capitalization stands at $4.28 trillion, while the Fear & Greed Index reads 60, indicating a “Greed” sentiment in the market.