- GameStop’s stock swings and robust US job growth contribute to crypto market instability.
- Bitcoin experiences large liquidations after losing 2.57% of its value in the last day.
- Ethereum experiences similar market activity, with notable liquidations and a 3.33% price drop.
Several factors, including volatile swings in GameStop’s stock price and a robust U.S. jobs report, have contributed to recent fluctuations in the cryptocurrency market, according to data from Coinglass.
Leading digital assets like Bitcoin and Ethereum experienced notable liquidations and price declines, reflecting heightened market activity and investor uncertainty.
Bitcoin saw liquidations of $3.61 million with the price of Bitcoin falling to $69,329.47, a 2.57% drop in the last 24 hours. This decline comes despite a 2.51% weekly gain.
Ethereum also faced substantial liquidations totaling $2.53 million. Its price fell to $3,686.71, a loss of 3.33% on the last day, and 2.60% over the past week. However, Ethereum’s 24-hour trading volume of $15.5 billion indicates continued market activity.
While ORDI experienced liquidations of $1.68 million, its price remained relatively stable, …
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