Altcoins bleed as Bitcoin dives 7% to lows of $62k
Bitcoin price tanked more than 7% on Tuesday morning as the bloodbath across the crypto market pushed altcoins deep into correction territory. BTC reached lows of $62,438 as bears threatened to plunge prices to the $60k level. BTC price near key level as alts bleed As the benchmark cryptocurrency struggled, altcoin bloodbath also intensified. Ethereum, Solana, BNB, Cardano and Avalanche all fell double digits, with ETH dipping to $3,200, SOL to $172 and BNB to $502. Cardano and Avalanche dropped to $0.59 and $55 respectively. According to data from Coinglass, a total of 242,841 traders had been liquidated in the past 24 hours (as at 7.40 am ET on Tuesday). The total liquidations stood at over $651 million, longs the hardest hit at over $538 million and shorts at $113 million. BTC accounted for over $190 million in liquidated longs in the past 24 hours, while ETH accounted for over $126 million. Data showed the largest single liquidation order occurre...