Crypto-tracked futures saw nearly $300 million in liquidations in the early hours on Saturday as prices of major tokens $SOL, $MATIC and $ADA dropped steeply. By shauryamalwa
Tokens of major blockchain networks slid more than 20% in the past 24 hours amid a likely risk-off event days after 13 tokens were alleged as securities in a U.S. Securities and Exchange Commission lawsuit against crypto exchanges Binance and Coinbase.
The bulk of these losses came in the wee hours of Saturday, data shows. Solana , polygon and cardano fell as much as 25% within hours – leading some onSuch moves pushed weekly declines for these tokens to as much as 34%, the data shows.As such, major tokens such as bnb , dogecoin , xrp fell over 11%. Bitcoin dropped 3.6% while ether slid 4.5%.
Crypto-tracked futures saw nearly $300 million in liquidations in the early hours on Saturday, data from Coinglass show, exceeding the nine-month record liquidation figures from earlier this week. Crypto liquidation refers to the process of forcibly closing a trader's positions in the cryptocurrency market. It occurs when a trader's margin account can no longer support their open positions due to significant losses or a lack of sufficient margin to meet the maintenance requirements.
Earlier this week, the SEC identified tokens issued by foundations and companies or tied to protocols Polygon , Sandbox , Filecoin , Axie Infinity , Chiliz , Flow , Internet Computer , Near , Voyager , Dash and Nexo as securities.ADA, SOL and MATIC, likely as a response to the regulatory filings.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Price analysis 6/9: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOTBitcoin and select altcoins could start a relief rally, but strong resistance overhead and traders' concerns about the strength of the stock market could stall a strong crypto market recovery.
Baca lebih lajut »
Bloodbath: The Reasons Behind SOL, MATIC, ADA, SAND Crash TodayHere are a few possible reasons behind today's bloodbath in the altcoin market.
Baca lebih lajut »
Biggest Movers: ADA, SOL Plunge to 3-Month Lows on Thursday – Market Updates Bitcoin NewsCardano dropped to a three-month low on Thursday, as sentiment in cryptocurrency markets remained largely bearish.
Baca lebih lajut »
Cardano (ADA), Polygon (MATIC), and Solana (SOL) to Be Dropped by Robinhood. What About Dogecoin (DOGE) and Shiba Inu (SHIB)?In the wake of a recent lawsuit filed by the U.S. Securities and Exchange Commission (SEC), Robinhood has announced its decision to cease support for Cardano (ADA), Polygon (MATIC), and Solana (SOL)
Baca lebih lajut »
Robinhood to Delist Cardano, Solana, and Polygon Amidst SEC Regulatory Pressure – Bitcoin News'Based on our latest review, we’ve decided to end support for Cardano (ADA), Polygon (MATIC), and Solana (SOL),' Robinhood said.
Baca lebih lajut »