The ‘Black Friday’ Crypto Crash That Wiped Out $136B Was Caused By…
- Date: 22-Jan-2022
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
The ‘Black Friday’ Crypto Crash That Wiped Out $136B Was Caused By…
Although the market is yet to close, it is safe to say that January 21 did turn into the ‘Black Friday’ of the month. With the overall market losses running up to $137 billion in the last 24 hours, here are the possible reasons as to why it could have happened.
The market witnessed one of the highest ever single-day liquidations today as, since the opening of the market to the time of this report, almost $880 million worth of liquidations had been recorded.
Leading this was Bitcoin which registered close to $175 million liquidated contracts.
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