- The crypto market is experiencing a downturn, reports from Colin Wu suggest.
- Ethereum showed a decline of over 4% at press time.
- Total market liquidation has surged to $283 million, as per data from CoinGlass.
Reports from a Chinese crypto reporter, Colin Wu, suggest that the crypto market has plunged “sharply” in the past hour. This was indicated by Ethereum falling by more than 4%.
The crypto market has fallen sharply in the past hour, with ETH falling by more than 4%, and 24-hour declines such as FLOW CRO APETHETA XTZ NEO TON KAVA PYTH all falling by more than 10%. In the last hour, the total liquidation exceeded $283m, and the liquidation of long orders…— Wu Blockchain (@WuBlockchain) December 11, 2023
In addition to the Ethereum price drop of 4.9% at press time, several other major cryptocurrencies have reportedly taken a plunge. This includes Flow (FLOW), Cronos (CRO), Tezos (XTZ), Neo (NEO), Toncoin (TON), Kava (KAVA), and Pyth Network (PYTH). CRO seemingly saw a 24-hour decline of 9.8%, while FLO and NEO dropped by 10.8% and 10.1%, respectively.
Meanwhile, FLOW’s token unlock is due in four days, which gives it time to reverse pric…
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