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Top Crypto News:Liquidations Cross $160 Million As ETH Breaches $2,000

14-Aug-2022 By: Simran Mishra
Top Crypto News:Liqu

On Saturday, the global digital asset market printed green indexes 

as the leading cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), gained traction. Traders, on the other hand, see this as a favorable moment to liquidate their holdings.

ETH price jumps by 80% in last 30 days

According to source statistics, over 65k dealers have liquidated more than $316 million from the crypto market in the previous 24 hours. It went on to say that the OKX had the greatest single liquidation order. It was worth $2.41 million in ETH-USDT-SWAP.

Meanwhile, the whole crypto market cap has increased by more than 2% in the previous day. It is now worth $1.18 trillion.

However, it is worth noting that within the last 24 hours, over $160 million in funds were liquidated from ETH. According to the statistics, 79.83 ETC were liquidated.

Ethereum has managed to gain ground in the run-up to the ETH merger. Over the last 30 days, the tokens have increased by more than 80%. However, a major concern is whether this spike would continue after the merger.

The price of the second largest token increased by more than 6%, breaking beyond the key $2,000 price level. Ethereum then reached the $2012 price level before dropping to the $1980 price level. The 24-hour trading volume of ETH increased by 3% to roughly $20.1 billion.

Earlier, CoinGabbar indicated that the Ethereum merge date might move ahead of the projected date.

ETC up by 7%

Interestingly, in the previous 24 hours, traders liquidated over $11.5 million in Ethereum Classic (ETC). In the same period, ETC prices increased by 7%. At the time of publication, it was selling at an average price of $44.50. Earlier in the day, ETC reached a high of $45 per unit.

However, after printing green indexes, Bitcoin, the world's largest cryptocurrency, saw a massive liquidation of roughly $96 million. BTC is now selling at an average price of $24.3K, up 3% in the last 24 hours.

Read also: Cryptocurrency price update: ETHEREUM PRICE PREDICTION: Ethereum generates its fourth successive bullish candle: earn $2k

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