Soaring long liquidations suggest that cryptocurrency prices’ sudden nosedive caught investors off-guard. BTC, the largest cryptocurrency by market capitalization, has plummeted more than 6% in the past 24 hours, and earlier in the day, reached its lowest level in seven weeks at around $20,050. Popular altcoins dogecoin (DOGE) and tron (TRX) have led the price decline.
Source: https://www.coindesk.com/markets/2023/03/09/crypto-traders-suffer-over-300m-of-losses-in-liquidations-amid-market-crash/?utm_medium=referral&utm_source=rss&utm_campaign=headlines