Bitcoin Reclaims $80,000; Crypto Market Liquidations Top $415 Million in an Hour
JH Kim
Summary
- Bitcoin reached $80,000, triggering more than $415 million in liquidations across the cryptocurrency market over the past hour.
- According to Cointelegraph, a cryptocurrency-focused media outlet, total liquidations in the crypto market topped $415 million over the past hour as Bitcoin reached $80,000.
- Of that, liquidations of short positions betting on falling prices came to about $330 million, accounting for about 80% of the total.
Forecast Trend Report by Period
Bitcoin reclaimed $80,000, with more than $415 million in positions liquidated across the cryptocurrency market over the past hour.
Cointelegraph reported on Nov. 4 that total liquidations in the crypto market exceeded $415 million in the latest hour as Bitcoin reached $80,000.
Of that, liquidations of short positions, or bets on falling prices, totaled about $330 million.
Short liquidations accounted for about 80% of the total.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.