Many Investors Have Lost Everything As Crypto Market Dips By Over $200B.
As bitcoin prices plunged below $43,000, $3.5 billion in liquidation took place, dropping the market value from $2.3 trillion to $2.1 trillion at the time of writing.
A total of 369,103 traders liquidated their accounts for the day. The biggest liquidation order happened on Huobi-BTC.
Bitcoin’s 16% plunge in the wake of its official recognition as legal tender in El Salvador had fueled bullish sentiment as the United States was coming off of Labor Day holiday weekend.
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