Bitcoin and Altcoins Drop, Millions of Dollars Liquidated! Here is the Quantity

Leader cryptocurrency Crypto markets turned upside down after Binance took action to buy its struggling rival, FTX.

Cryptocurrencies, which have been talked about calmly in recent weeks, have suddenly started to move up and down like roller coasters. Cryptocurrencies, which rose with the news of the purchase in the afternoon and afternoon, officially crashed after the details became clear.

The cryptocurrency leading the hard sell in the market this time bitcoin It didn’t happen. FTX exchange token FTTleading the decline, losing more than 80% in value in one day.

The details of the loss after the sharp decline in cryptocurrencies are already emerging. According to data from market tracker Coinglass, $850 million has turned into steam in the futures markets in the last 24 hours.

According to the details, over 400,000 crypto investors have lost all of their money on leverage in the last 24 hours. BTC futures took the lead with $140 million, followed by ETH, LEFT and FTT following.

Volatile movements in crypto have caused investors to flock to exchange websites. Some crypto exchanges are experiencing connectivity issues on their websites.

Coinbase and Kraken Websites Crashed!

US-based giant crypto exchanges coinbase and Krakenannounced that there were connection problems in their web and mobile applications due to the intensity.