More than $700 million worth of derivatives have been liquidated, causing crypto assets (virtual currencies) such as Bitcoin to plummet. In particular, altcoins, which had previously seen large increases, have plummeted.
As of 8 a.m. on the 10th, Bitcoin was trading at $96,578 (about 14.2%), down 3.52% from 24 hours earlier, on CoinMarketCap, a global coin market relay site.
On that day, Bitcoin temporarily dropped to $94,355. This was due to the liquidation of derivatives worth about $750 million (about 113.5 billion yen).
Instead, Bitcoin fared better, with Ethereum plummeting 7.73%, Ripple down 15.64% and Solana down 9.37%.
Not only this, other major altcoins have also crashed. Dozico is down 11.63% and CalDan is down 15.27%.
%, and Tron has plummeted by 18.43%.
2024/12/10 11:16 KST
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