In summary
- XRP hit $2.82, its highest level in seven years, before correcting to $2.40.
- XRP liquidations totaled more than $90 million, surpassing Bitcoin in that area.
- $587 million in total crypto positions were liquidated in the last 24 hours.
XRP soared to a seven-year high price of $2.82 early Tuesday, later correcting to nearly $2.40, which has propelled the Ripple-linked asset to the top of the crypto ecosystem’s sell-off chart in recent times. 24 hours.
Liquidations of long and short positions linked to XRP totaled more than $90 million in the last day, according to data from CoinGlass, making it the top single asset for liquidations during that period. It’s a surprise in a list that is normally dominated by Bitcoin.
Due to substantial movements in
Several individual short positions in the range of $2.4 million to $2.6 million were liquidated early Tuesday on the OKX Cryptocurrency exchange. XRP is currently trading at $2.56, following a 6% drop in the last day.
Bitcoin is not far behind on the list with $81 million in liquidations, followed by Ethereum with $49 million and Dogecoin with almost $22.5 million. All three assets saw more long positions than short positions liquidated, due to price drops in the last day.
Overall, around $587 million worth of cryptocurrency positions were liquidated in the last day. The largest single liquidation in the last 24 hours was a $15 million short position in Bitcoin through OKX.
Prices of Bitcoin, the opposition party in the country. But the price drops seen on most exchanges paled in comparison to those on South Korean platforms like Upbit.
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