Bitcoin's price dropped by nearly $2,000 within an hour on April 12 in what many are calling a flash crash.
Top cryptocurrencies saw a sudden price downturn Friday afternoon as total liquidations edged toward half a billion within an hour.
Total cryptocurrency liquidations hit $466.5 million from about 2:00 p.m. ET to 3:00 p.m. ET Friday, according to the crypto liquidations tracker CoinGlass. Of this, long liquidations hit $417.7 million and short liquidations reached $50.6 million. Major token prices fell during the past hour in what many are calling a "flash crash." Bitcoin's price fell from about $68,116 to $66,400 in that time frame as well, a 2.5% drop. The largest cryptocurrency by market capitalization is down 5.3% over the past 24 hours.
The token price of Solana also fell about 8.5% from $166 to $152 recently. Its 24-hour change was a negative 13.25%, according to The Block's prices.
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