Nearly $400M in crypto liquidations over 24 hours pushes Bitcoin above $23k

Quick Take:

• The crypto market has recorded nearly $400 million in liquidations in the past 24 hours. BTC briefly surpassed $23k.
• Only 11.7% of all BTC supply now sits on exchanges, the lowest amount since December 2017.
• Almost $500 million in Bitcoin has been withdrawn from exchanges in the past 24 hours.
• However, Ethereum has only seen around $100 million withdrawn from exchanges in the past 24 hours.

The post Nearly $400M in crypto liquidations over 24 hours pushes Bitcoin above $23k appeared first on CryptoSlate.

Credit: Source link