The prices of Bitcoin (BTC) and Ethereum (ETH) shed 6% and 7%, respectively, over the past 24 hours, wiping out recent gains.
The swift and bearish price action also resulted in roughly $133 million in Bitcoin and Ethereum positions liquidated, according to Coinglass. The majority of these positions were longs.
Currently, Bitcoin is changing hands at $29,587, down 5.85% over the day, according to data from CoinMarketCap.
This also puts the largest cryptocurrency with a market capitalization…
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