High Volatility in the Cryptocurrency Market: $230 Million Liquidation in 24 Hours!

The historic ruling in the Ripple case has led to a sharp rise in the cryptocurrency market. The leading cryptocurrency, Bitcoin (BTC), has managed to surpass critical resistance levels in a short period of time. Meanwhile, this surge in the crypto market has also resulted in a significant increase in volatility. According to Coinglass data, approximately $230 million worth of short and long positions were liquidated in the past 24 hours. The Impact of the Rise in the Crypto Market Following the historic ruling in the Ripple case, the cryptocurrency market gained strong momentum. XRP, which approached the $0.9 level yesterday evening and initiated a powerful rally, led the surge in the crypto market. In addition to the rise in XRP, high percentage value increases exceeding 20% were recorded in ADA, SOL, and MATIC. On the other hand, the leading cryptocurrency Bitcoin (BTC), which surpassed the $31,500 price level yesterday […] The post High Volatility in the Cryptocurrency Market: $230 Million Liquidation in 24 Hours! appeared first on COINTURK NEWS.