Bitcoin, Ether and XRP Selloff Wipes Out $1.5 Billion in Leveraged Crypto Bets
Key Highlights: Total cryptocurrency liquidations surpassed $1.53 billion over a 24-hour period, with long positions accounting for approximately $1.29 billion (83.8%) of the wipeout. The market cascade was triggered by a security breach at cryptocurrency exchange Binance, which the platform estimates affected roughly $6.3 billion in assets. Bitcoin plunged to an intraday low near $76,460 ...