$2.2 Billion Wiped Out as XRP and Other Altcoins Collapse

More than $2 billion worth of crypto has been liquidated over the past 24 hours

According to data provided by crypto analytics platform CoinGlass, a whopping $2.21 billion worth of crypto has been liquidated over the past 24 hours.

Long positions account for the overwhelming majority of the wipeout ($1.87 billion).

Global trading platform Binance is first based on the amount of liquidations.

The Ripple-affiliated XRP token is down nearly 25% over the last 24 hours, becoming the worst-performing cryptocurrency in the top 10 alongside Dogecoin (DOGE) and Cardano (ADA).

Some other major tokens, including Ethereum (ETH) and BNB, have also recorded double-digit losses.

Apart from stablecoins, not a single top 100 cryptocurrency is in the green.

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About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].

$2.2 Billion Wiped Out as XRP and Other Altcoins Collapse

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