Bitcoin rate fell $ 1.2 thousand in an hour
- March 3, 2023
- 0
On the morning of March 3, the bitcoin price dropped by $1.2k in an hour. The value of the first cryptocurrency fell 5% from $23.4k to $22.2k. The
On the morning of March 3, the bitcoin price dropped by $1.2k in an hour. The value of the first cryptocurrency fell 5% from $23.4k to $22.2k. The asset is trading at 9:30am, according to CoinGecko. At $22.3k, the daily drop is 4.6%.
The rates of leading altcoins also showed a rapid decline. Ethereum fell 5.5% ($1.64 to $1.55K), Ripple — 2.4% (to $0.36) on the day. The price of Cardano is down 4.9% ($0.33), while Solana is down 4.2% ($21.02).
Cryptocurrency rates started falling at 4am Kiev time, the opening time of exchanges in Singapore and Hong Kong. The total market cap of cryptocurrencies fell by 5.3% from $1.12 trillion to $1.06 trillion in an hour.
Against the background of the sharp decline in the prices of cryptocurrencies, the positions of traders trading with leverage were liquidated. According to the Coinglass service, $221 million of transactions were forcibly closed in the past 12 hours. The most liquidations fell in Bitcoin pairs at $79 million, followed by Ethereum with a loss of $45 million.
Source: Port Altele
As an experienced journalist and author, Mary has been reporting on the latest news and trends for over 5 years. With a passion for uncovering the stories behind the headlines, Mary has earned a reputation as a trusted voice in the world of journalism. Her writing style is insightful, engaging and thought-provoking, as she takes a deep dive into the most pressing issues of our time.
