The Fall Of Bitcoin Cost Traders $ 3.7 Billion In Losses

Against the background of the fall in the bitcoin rate to a local minimum of $ 48.4 thousand, crypto exchange users lost $ 3.7 billion, according to the bybt service. In total, positions of almost 600 thousand traders were closed, one of them lost $ 11.3 million, writes RBC Crypto.

The largest losses were on positions in pairs with Bitcoin – $ 1.3 billion. On transactions with Ethereum, losses amounted to $ 652 million, with XRP – 394 million. 85% of positions closed over the past day are long. This means that traders expected further growth in quotes.

The fall in the crypto market occurred against the backdrop of a decline in the stock market. Yesterday, the Dow Jones Index fell 0.9%, the S & P500 – 0.8%, the Nasdaq Composite – 0.7%. This happened after the information appeared that the United States plans to almost double the capital gains tax for the rich.

You may also like