With the Rise of Cryptocurrencies, Some of the Shorts Exploded: Here Are the Most Affected Altcoins!

Bitcoin (BTC) and Ethereum (ETH) as the world’s largest cryptocurrencies The global digital asset market showed green charts on Saturday as it gained upward momentum.

Ethereum Price Rises 80% In The Last 30 Days

According to data released by Coinglass, more than $316 million has been liquidated from the crypto market by more than 65,000 investors in the past 24 hours.

It was stated that the largest single liquidation order took place in OKX. That order was ETH-USDT-SWAP worth $2.41 million.

Meanwhile, the total crypto market cap has increased by more than 2% over the past day. It currently stands at $1.18 trillion.

The Most Liquidation in the Cryptocurrency Market Happened in Ethereum

However, it is important to note that approximately $156 million worth of funds have been liquidated from Ethereum in the last 24 hours. According to the data, the second largest cryptocurrency liquidated was Bitcoin with $89.70 million.

with $9.42 million. ETC and with $7.26 million CEL followed.

The chart showing the liquidations in the cryptocurrency market in the last 24 hours.

Ethereum managed to enter a bullish trend with the anticipation of the ETH merger. Coin has made it possible to record more than 80% gains in the last 30 days. However, whether this increase will continue after Merge remains an important question.

The price of the world’s second-largest coin rose more than 6%, surpassing the vital $2,000 price level. Ethereum climbed as high as $2012 before dropping to the $180 price level. ETH’s 24-hour trading volume was up 3%, hovering around $20.1 billion.

Previously, it was reported that the Ethereum Merge date could be moved further than the estimated date.

*Not investment advice.

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