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.
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