BTC31011
08/02 20:28
Dogecoin, Cardano Take Major Hit as Crypto Sell-Of
Dogecoin, Cardano Take Major Hit as Crypto Sell-Off Deepens
$613 million in leveraged positions liquidated across crypto marketThe larger crypto markets remain under pressure from macroeconomic uncertainty, with inflation and rate path ambiguity clouding short-term sentiment. In the last 24 hours, $613 million in leveraged positions were liquidated across the crypto market, according to CoinGlass data, with longs accounting for the majority of the losses. The continuing sell-off has dragged Bitcoin and Ethereum down 3.7% and 7.13% over the past seven days. Dog-themed cryptocurrency, Dogecoin (DOGE), fell even more, by around 18% during the same period. Dogecoin's 18% weekly plunge is the most severe among the top 10 cryptocurrencies by market capitalization, followed by Cardano.Cardano was recently trading at $0.7126, marking a 13.55% drop in the last seven days. Solana was down 13.06% in the same time frame. Altcoins generally remain under pressure as traders pile into leveraged bets.
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