Cryptocurrency Market Cap Plunges by Nearly 10%, Over $800 Million Liquidated in 12 Hours

BlockBeats News, April 7th, according to CoinGecko data, as Bitcoin broke below $78,000, a large number of altcoins simultaneously fell by over 10%, the total crypto market capitalization dropped by 9.5% in 24 hours, now standing at $2.55 trillion.

According to Coinglass data, in the past 12 hours, the total liquidations across the network have reached $805 million, with long liquidations amounting to $716 million and short liquidations totaling $88.48 million.