Crypto Live News
Author: Nidhi Kolhapur
Nidhi Kolhapur 
Author
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
May 24, 2024 12:07
Crypto prices experienced wild swings on Thursday as traders awaited the U.S. regulatory decision to list spot-based Ether ETFs. Ethereum (ETH) declined to $3,500 before surging to around $3,900, and finally stabilizing above $3,800 following the confirmation of the approval. Similarly, Bitcoin (BTC) dropped to the low $66,000s before peaking at $68,300, later stabilizing below $68,000. This volatility resulted in more than $350 million in liquidations, primarily from long positions, with ETH traders experiencing $132 million in liquidations and BTC derivatives seeing $70 million.
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Coinpedia – https://coinpedia.org/crypto-live-news/ethereum-etf-approval-causes-350-million-in-liquidations/