Crypto markets have seen liquidations of at least $242 million in the past 24 hours as Russia invades Ukraine. shauryamalwa reports.
Global markets faltered as Russia started a "special military operation" in Ukraine, causing a drastic drop in crypto markets.Crypto-tracked futures saw nearly $192 million in liquidations in the past few hours.
Bitcoin-tracked futures saw $72 million in liquidations – the most among all cryptocurrencies – followed by ether futures at $70 million. Altcoin-tracked futures saw comparatively lesser liquidations than bitcoin and ether, with losses on Solana’s SOL futures reaching $6.46 million, XRP futures reaching $5.18 million, and Dogecoin’s DOGE futures reaching $6.81 million.
Crypto exchange OKX saw the highest liquidations at $73 million, followed by Binance’s $48 million and Bybit’s $24 million.
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