BTC, ETH, XRP crash again as liquidation wave hits $1B.
The cryptocurrency market is experiencing significant declines, with Bitcoin (BTC) falling to a multi-month low of $73,500 and Ethereum (ETH) approaching $2,000.
The market turmoil follows a volatile post-midterm week in the US and is exacerbated by the Binance hack, leading to increased bearish control.
Over 155,000 traders have faced liquidations in the last 24 hours, with total liquidated positions exceeding $1 billion, mostly affecting ETH long positions.